Fairfax Financial (TSE:FFH) Hits New 12-Month High After Analyst Upgrade

Fairfax Financial Holdings Limited (TSE:FFH)’s share price hit a new 52-week high on Tuesday after National Bankshares raised their price target on the stock from C$2,700.00 to C$3,000.00. National Bankshares currently has an outperform rating on the stock. Fairfax Financial traded as high as C$2,510.25 and last traded at C$2,502.53, with a volume of 24717 shares. The stock had previously closed at C$2,467.86.

A number of other equities research analysts have also recently weighed in on FFH. CIBC lifted their price target on Fairfax Financial from C$2,500.00 to C$2,700.00 in a report on Friday, May 2nd. Cormark upped their price objective on shares of Fairfax Financial from C$2,250.00 to C$2,700.00 in a report on Monday, May 5th. Scotiabank increased their target price on shares of Fairfax Financial from C$2,500.00 to C$2,900.00 and gave the company an “outperform” rating in a research report on Wednesday, July 23rd. BMO Capital Markets boosted their price target on shares of Fairfax Financial from C$2,500.00 to C$2,800.00 in a research report on Friday, July 11th. Finally, Raymond James Financial increased their price objective on shares of Fairfax Financial from C$2,600.00 to C$2,900.00 and gave the company an “outperform” rating in a report on Monday, July 7th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Fairfax Financial has an average rating of “Buy” and an average price target of C$2,721.43.

Insider Buying and Selling at Fairfax Financial

In other Fairfax Financial news, Senior Officer Michael Anthony Wallace sold 350 shares of the company’s stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of C$2,279.88, for a total value of C$797,959.51. Following the completion of the sale, the insider directly owned 236 shares of the company’s stock, valued at approximately C$538,052.69. This represents a 59.73% decrease in their position. Also, Director F. Brian Bradstreet sold 700 shares of the firm’s stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of C$2,503.00, for a total transaction of C$1,752,100.00. Over the last three months, insiders have purchased 19 shares of company stock valued at $45,878 and have sold 2,524 shares valued at $5,967,886. Corporate insiders own 3.76% of the company’s stock.

Fairfax Financial Price Performance

The company has a market cap of C$39.47 billion, a PE ratio of 9.42, a price-to-earnings-growth ratio of 0.27 and a beta of 0.83. The stock has a fifty day moving average price of C$2,399.11 and a 200-day moving average price of C$2,171.46.

Fairfax Financial Company Profile

Fairfax Financial is a holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and the associated investment management.