First National Financial (TSE: FN) received a price target of C $ 52.00 from stock analysts at Royal Bank of Canada in a research note issued to investors on Friday, reports Stock Target Advisor. The Royal Bank of Canada’s price target would suggest a potential rise of 4.17% from the current share price.
Several other research analysts also weighed on FN. BMO Capital Markets raised its price target for First National Financial shares from C $ 53.00 to C $ 57.00 and rated the stock “underperformance” in a report released on Thursday. April 29. National Bank Financial raised its price target on First National Financial shares to C $ 55.00 and assigned the share a “sector performance” rating in a report released on Wednesday, April 28. TD Securities raised its price target for First National Financial shares from C $ 48.00 to C $ 49.00 and assigned the stock a “conservation” rating in a report released on Tuesday, April 27. Scotiabank raised its price target for First National Financial shares from C $ 50.00 to C $ 51.00 in a report released on Tuesday, April 27. Finally, National Bankshares raised its price target on First National Financial shares from C $ 53.00 to C $ 55.00 and assigned the stock a “sector performance” rating in a report released on Wednesday 28. April. One analyst rated the stock with a sell rating and four gave the company’s stock a conservation rating. First National Financial has an average rating of “Hold” and an average price target of C $ 53.17.
FN traded down C $ 0.30 during trading hours on Friday, reaching C $ 49.92. 9,274 shares of the stock were traded, up from its average volume of 31,872. The company’s fifty-day moving average price is C $ 50.37. The company has a market capitalization of 2.99 billion Canadian dollars and a P / E ratio of 12.35. First National Financial has a 52-week low of C $ 28.37 and a 52-week high of C $ 53.25. The company has a current ratio of 11.22, a quick ratio of 10.96 and a debt to equity ratio of 6,541.98.
First National Financial (TSE: FN) last released its quarterly results on Tuesday, April 27. The company reported earnings per share of C $ 0.87 for the quarter, beating the consensus estimate of C $ 0.82 by C $ 0.05 by the Zacks. The company reported sales of C $ 336.49 million for the quarter, compared to analysts’ estimate of C $ 160.30 million. Analysts predict that First National Financial will post 4.3600003 EPS for the current year.
In other First National Financial news, insider FNSC Holdings Inc. bought 3,930 shares of the company in a transaction dated Thursday, April 29. The stock was purchased at an average price of C $ 50.91 per share, for a total value of C $ 200,076.30. Following the acquisition, the insider now owns 7,541,782 shares of the company, valued at approximately C $ 383,952,121.62.
About First National Financial
First National Financial Corporation, along with its subsidiaries, creates, underwrites and manages residential and commercial mortgages in Canada. The company offers residential and commercial single-family and multi-unit mortgage loans. It offers its services online. First National Financial Corporation was founded in 1988 and is headquartered in Toronto, Canada.
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Check out “7 Semiconductor Stocks Ready to Take Advantage of Chip Shortage.”