First National Financial (FN) was Downgraded to a Hold Rating at TD Securities

By Ryan Adsit

Shares of First National Financial (FNResearch Report) were revisited by a Wall Street analyst today. Graham Ryding, an analyst with TD Securities, has downgraded their rating on FN to Hold , with a C$41.00 price target.

Currently, the analyst consensus on First National Financial is a Hold with an average price target of C$35.25.

First National Financial’s market cap is currently C$2.49B and has a P/E ratio of 16.74. The company has a Price to Book ratio of 5.73.

First National Financial Corp. engages in the provision of mortgage banking services. It operates through the Residential and Commercial segments. The Residential segment includes single-family residential mortgages. The Commercial segment consists of multi-unit residential and commercial mortgages.

The company’s shares closed last Friday at C$39.84, close to its 52-week high of C$41.57.