Fairfax Financial (TSE:FFH) Stock Price Expected to Rise, Cormark Analyst Says

Fairfax Financial (TSE:FFH) had its price target increased by Cormark from C$2,125.00 to C$2,250.00 in a report released on Tuesday morning,BayStreet.CA reports.

Several other brokerages have also recently issued reports on FFH. National Bankshares lifted their price objective on shares of Fairfax Financial from C$2,100.00 to C$2,200.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. CIBC raised their target price on shares of Fairfax Financial from C$2,200.00 to C$2,400.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. BMO Capital Markets raised their target price on shares of Fairfax Financial from C$1,850.00 to C$2,200.00 in a report on Monday, November 4th. Finally, Scotiabank raised their target price on shares of Fairfax Financial from C$2,100.00 to C$2,200.00 in a report on Monday, November 4th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Fairfax Financial currently has a consensus rating of “Buy” and a consensus price target of C$2,112.50.

Fairfax Financial Price Performance

Shares of FFH opened at C$2,080.00 on Tuesday. The firm’s 50 day moving average is C$1,993.11 and its 200-day moving average is C$1,812.15. The stock has a market capitalization of C$33.36 billion, a P/E ratio of 7.96, a P/E/G ratio of 0.27 and a beta of 0.83. Fairfax Financial has a 12-month low of C$1,343.50 and a 12-month high of C$2,119.64.

Insider Buying and Selling

In other Fairfax Financial news, Director F. Brian Bradstreet sold 1,500 shares of Fairfax Financial stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of C$1,971.00, for a total value of C$2,956,500.00. Also, Director R. William Mcfarland sold 4,800 shares of Fairfax Financial stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of C$25.21, for a total transaction of C$121,008.00. Over the last three months, insiders sold 6,313 shares of company stock worth $3,103,234. 3.76% of the stock is owned by company insiders.

Fairfax Financial Company Profile

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.