Fairfax Financial (TSE:FFH) Reaches New 52-Week High on Analyst Upgrade

Fairfax Financial Holdings Limited (TSE:FFH)’s share price reached a new 52-week high during trading on Monday after BMO Capital Markets raised their price target on the stock from C$1,850.00 to C$2,200.00. The company traded as high as C$1,890.36 and last traded at C$1,890.36, with a volume of 1890 shares changing hands. The stock had previously closed at C$1,888.04.

A number of other research analysts have also recently weighed in on the company. Royal Bank of Canada raised their price target on Fairfax Financial from C$1,325.00 to C$1,425.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Scotiabank lifted their target price on shares of Fairfax Financial from C$2,100.00 to C$2,200.00 in a research report on Monday. Cormark increased their price target on shares of Fairfax Financial from C$1,800.00 to C$2,125.00 in a research report on Monday. Finally, National Bankshares lifted their price objective on Fairfax Financial from C$2,100.00 to C$2,200.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th.

Insider Buying and Selling

In other news, Senior Officer Olivier Elie Quesnel sold 173 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of C$1,566.13, for a total value of C$270,940.49. Following the transaction, the insider now directly owns 202 shares in the company, valued at C$316,358.26. This trade represents a 0.00 % decrease in their position. In related news, Director Brian David Young sold 4,280 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of C$1,617.96, for a total transaction of C$6,924,875.22. Also, Senior Officer Olivier Elie Quesnel sold 173 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of C$1,566.13, for a total transaction of C$270,940.49. Following the completion of the sale, the insider now directly owns 202 shares of the company’s stock, valued at C$316,358.26. This trade represents a 0.00 % decrease in their position. Over the last quarter, insiders sold 6,953 shares of company stock valued at $11,304,176. Insiders own 3.76% of the company’s stock.

Fairfax Financial Stock Performance

The company has a 50 day moving average of C$1,692.24 and a 200 day moving average of C$1,592.49. The company has a quick ratio of 0.93, a current ratio of 3.75 and a debt-to-equity ratio of 40.13. The firm has a market cap of C$42.49 billion, a price-to-earnings ratio of 8.12, a PEG ratio of 0.27 and a beta of 0.83.

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.