Fairfax Financial (TSE:FFH) Reaches New 12-Month High on Analyst Upgrade

Fairfax Financial Holdings Limited (TSE:FFH) hit a new 52-week high on Monday after BMO Capital Markets raised their price target on the stock from C$2,400.00 to C$2,500.00. The stock traded as high as C$2,207.35 and last traded at C$2,207.35, with a volume of 13299 shares trading hands. The stock had previously closed at C$2,195.41.

A number of other research firms have also weighed in on FFH. National Bankshares upped their price target on Fairfax Financial from C$2,600.00 to C$2,700.00 and gave the company an “outperform” rating in a research report on Wednesday, April 30th. Scotiabank upped their target price on shares of Fairfax Financial from C$2,400.00 to C$2,500.00 and gave the stock a “sector perform” rating in a report on Thursday, April 24th. CIBC raised their price target on shares of Fairfax Financial from C$2,500.00 to C$2,700.00 in a report on Friday. Raymond James set a C$2,600.00 price target on shares of Fairfax Financial and gave the stock an “outperform” rating in a report on Friday, April 11th. Finally, Cormark boosted their target price on Fairfax Financial from C$2,250.00 to C$2,700.00 in a research report on Monday. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$2,446.43.

Insider Buying and Selling

In other news, insider Andrew Barnard sold 2,305 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of C$2,056.06, for a total value of C$4,739,220.14. Also, Director Jonathan Godown sold 50 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of C$1,989.23, for a total value of C$99,461.43. Insiders sold 6,692 shares of company stock worth $13,277,605 in the last quarter. 3.76% of the stock is owned by insiders.

Fairfax Financial Price Performance

The company has a market capitalization of C$35.11 billion, a PE ratio of 8.38, a P/E/G ratio of 0.27 and a beta of 0.83. The firm’s 50 day moving average is C$2,037.02 and its 200 day moving average is C$1,977.96.

About Fairfax Financial

Fairfax Financial Holdings Limited, through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in the United States, Canada, Asia, and internationally. The company operates through Property and Casualty Insurance and Reinsurance, Life insurance and Run-off, and Non-Insurance Companies segments.