First National Financial (TSE:FN) Downgraded by TD Securities to “Sell”

First National Financial (TSE:FN) was downgraded by equities research analysts at TD Securities from a “buy” rating to a “sell” rating in a research report issued on Tuesday, MarketBeat.com reports. They presently have a C$48.00 price target on the stock, up from their previous price target of C$41.00. TD Securities’ target price indicates a potential downside of 0.48% from the company’s current price.

FN has been the subject of several other reports. Scotiabank lowered their target price on shares of First National Financial from C$44.00 to C$42.00 and set a “sector perform” rating for the company in a research note on Thursday, May 1st. CIBC lowered their price objective on First National Financial from C$44.00 to C$41.00 and set a “neutral” rating for the company in a research report on Thursday, May 1st. Finally, National Bankshares lowered First National Financial from a “sector perform” rating to a “tender” rating and upped their target price for the company from C$39.00 to C$48.00 in a research report on Tuesday.

First National Financial Price Performance

Shares of FN stock traded down C$0.09 during mid-day trading on Tuesday, hitting C$48.23. 232,837 shares of the stock traded hands, compared to its average volume of 43,337. The stock’s fifty day moving average is C$41.29 and its two-hundred day moving average is C$40.06. First National Financial has a 52-week low of C$35.21 and a 52-week high of C$49.00. The stock has a market cap of C$2.90 billion, a P/E ratio of 15.71, a P/E/G ratio of 0.70 and a beta of 1.04.

First National Financial Company Profile

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.