Fairfax Financial (TSE:FFH) Price Target Raised to C$3,450.00

Fairfax Financial (TSE:FFHGet Free Report) had its target price lifted by research analysts at National Bank Financial from C$3,300.00 to C$3,450.00 in a research report issued on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price objective would suggest a potential upside of 45.43% from the stock’s current price.

Several other research firms also recently weighed in on FFH. Canadian Imperial Bank of Commerce set a C$2,350.00 target price on Fairfax Financial and gave the company a “neutral” rating in a report on Friday, June 26th. Royal Bank Of Canada boosted their price objective on Fairfax Financial from C$2,234.00 to C$2,261.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. BMO Capital Markets decreased their price objective on Fairfax Financial from C$2,550.00 to C$2,400.00 in a report on Monday, May 4th. Finally, Raymond James Financial raised their target price on shares of Fairfax Financial from C$3,000.00 to C$3,050.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$2,751.57.

Check Out Our Latest Stock Report on Fairfax Financial

Fairfax Financial Stock Up 2.1%

FFH stock traded up C$48.31 during midday trading on Monday, reaching C$2,372.34. 19,620 shares of the company were exchanged, compared to its average volume of 77,581. The company has a debt-to-equity ratio of 54.00, a quick ratio of 0.93 and a current ratio of 2.65. Fairfax Financial has a 1-year low of C$2,066.16 and a 1-year high of C$2,700.00. The stock’s 50-day simple moving average is C$2,279.90 and its 200 day simple moving average is C$2,327.62. The company has a market cap of C$48.93 billion, a price-to-earnings ratio of 11.73, a price-to-earnings-growth ratio of 0.27 and a beta of 0.31.

Fairfax Financial (TSE:FFHGet Free Report) last issued its earnings results on Thursday, April 30th. The company reported C$43.25 earnings per share (EPS) for the quarter. Fairfax Financial had a net margin of 15.41% and a return on equity of 17.32%. The business had revenue of C$15.57 billion during the quarter. On average, equities analysts forecast that Fairfax Financial will post 212.3039807 earnings per share for the current year.

Fairfax Financial Company Profile

(Get Free Report)

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

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