Fairfax Financial (TSE:FFH) Price Target Raised to C$2,500.00

Fairfax Financial (TSE:FFH) had its price objective lifted by Scotiabank from C$2,400.00 to C$2,500.00 in a report issued on Thursday morning,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

A number of other brokerages have also recently issued reports on FFH. Cormark increased their price objective on shares of Fairfax Financial from C$2,125.00 to C$2,250.00 in a research note on Tuesday, February 18th. CIBC increased their price target on Fairfax Financial from C$2,400.00 to C$2,500.00 in a research note on Monday, March 10th. Finally, Raymond James set a C$2,600.00 price target on Fairfax Financial and gave the company an “outperform” rating in a report on Friday, April 11th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$2,239.29.

Fairfax Financial Stock Down 0.3 %

FFH stock opened at C$2,089.98 on Thursday. The business’s 50-day moving average price is C$2,022.75 and its 200-day moving average price is C$1,954.87. The stock has a market cap of C$33.52 billion, a P/E ratio of 8.00, a PEG ratio of 0.27 and a beta of 0.83. Fairfax Financial has a twelve month low of C$1,425.00 and a twelve month high of C$2,153.96.

Insider Buying and Selling at Fairfax Financial

In other Fairfax Financial news, insider Andrew Barnard sold 2,305 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of C$2,056.06, for a total transaction of C$4,739,220.14. Also, Director F. Brian Bradstreet sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of C$1,985.00, for a total value of C$1,985,000.00. In the last ninety days, insiders have sold 6,642 shares of company stock worth $13,178,144. Insiders own 3.76% of the company’s stock.

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.