First National Financial (TSE:FN) Rating Lowered to Strong Sell at TD Securities

First National Financial (TSE:FN) was downgraded by equities research analysts at TD Securities from a “strong-buy” rating to a “strong sell” rating in a report issued on Tuesday, Marketbeat Ratings reports. They currently have a C$48.00 target price on the stock, up from their previous target price of C$41.00. TD Securities’ price target indicates a potential downside of 0.08% from the stock’s current price.

A number of other brokerages have also commented on FN. CIBC lowered their price objective on First National Financial from C$44.00 to C$41.00 and set a “neutral” rating on the stock in a report on Thursday, May 1st. Scotiabank lowered their target price on First National Financial from C$44.00 to C$42.00 and set a “sector perform” rating on the stock in a report on Thursday, May 1st. Finally, National Bankshares lowered First National Financial from a “sector perform” rating to a “tender” rating and raised their target price for the company from C$39.00 to C$48.00 in a report on Tuesday, July 29th.

First National Financial Stock Down 0.4%

Shares of TSE FN traded down C$0.19 during mid-day trading on Tuesday, hitting C$48.04. 152,146 shares of the company traded hands, compared to its average volume of 44,072. First National Financial has a 1 year low of C$35.21 and a 1 year high of C$49.00. The stock has a market capitalization of C$2.89 billion, a price-to-earnings ratio of 15.64, a PEG ratio of 0.70 and a beta of 1.04. The business has a 50 day moving average of C$41.49 and a two-hundred day moving average of C$40.13.

About First National Financial

First National Financial Corp is the parent company of First National Financial LP, a Canadian originator, underwriter, and servicer of predominantly prime residential and commercial mortgages. The company controls its First National Mortgage Investment Fund, which manages economic exposure to a diversified portfolio of primarily commercial mezzanine mortgages.