Fairfax Financial (TSE:FFH) Price Target Raised to C$2,261.00 at Royal Bank Of Canada

Fairfax Financial (TSE:FFH) had its price objective increased by analysts at Royal Bank Of Canada from C$2,234.00 to C$2,261.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential downside of 8.85% from the company’s current price.

Several other research analysts have also issued reports on FFH. Scotiabank boosted their target price on Fairfax Financial from C$3,050.00 to C$3,150.00 in a research report on Friday, January 30th. ATB Cormark Capital Markets boosted their target price on Fairfax Financial from C$2,500.00 to C$2,600.00 and gave the company a “sector perform” rating in a research report on Monday, February 23rd. BMO Capital Markets lowered Fairfax Financial from an “outperform” rating to a “hold” rating and dropped their target price for the company from C$2,600.00 to C$2,500.00 in a research report on Thursday, January 22nd. Finally, National Bank Financial set a C$3,200.00 price target on Fairfax Financial and gave the company an “outperform” rating in a report on Wednesday, February 4th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Fairfax Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of C$2,751.38.

Fairfax Financial Stock Up 1.0%

FFH traded up C$23.66 on Monday, hitting C$2,480.50. The company had a trading volume of 17,972 shares, compared to its average volume of 89,174. Fairfax Financial has a 12-month low of C$2,022.50 and a 12-month high of C$2,700.00. The business’s fifty day simple moving average is C$2,345.30 and its 200 day simple moving average is C$2,382.37. The company has a market cap of C$53.20 billion, a PE ratio of 11.60, a PEG ratio of 0.27 and a beta of 0.33.

Fairfax Financial (TSE:FFH) last announced its earnings results on Thursday, February 19th. The company reported C$79.02 earnings per share (EPS) for the quarter. Fairfax Financial had a return on equity of 18.62% and a net margin of 15.70%.The business had revenue of C$17.53 billion during the quarter. On average, analysts anticipate that Fairfax Financial will post 212.3039807 earnings per share for the current fiscal year.

About Fairfax Financial

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