Fairfax Financial (TSE:FFH) Reaches New 52-Week High – What’s Next?

Fairfax Financial Holdings Limited (TSE:FFH)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$1,897.47 and last traded at C$1,884.00, with a volume of 13119 shares changing hands. The stock had previously closed at C$1,861.14.

Wall Street Analyst Weigh In

Several brokerages have recently commented on FFH. Scotiabank boosted their price target on Fairfax Financial from C$2,100.00 to C$2,200.00 in a research note on Monday, November 4th. National Bankshares boosted their target price 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. 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. BMO Capital Markets lifted their price target on Fairfax Financial from C$1,850.00 to C$2,200.00 in a research note on Monday, November 4th. Finally, Cormark raised their target price on shares of Fairfax Financial from C$1,800.00 to C$2,125.00 in a report on Monday, November 4th.

Fairfax Financial Price Performance

The company has a debt-to-equity ratio of 40.13, a current ratio of 3.75 and a quick ratio of 0.93. The firm has a market capitalization of C$44.84 billion, a PE ratio of 8.57, a P/E/G ratio of 0.27 and a beta of 0.83. The company has a 50-day moving average price of C$1,722.48 and a 200-day moving average price of C$1,607.81.

Insider Buying and Selling at Fairfax Financial

In other Fairfax Financial news, Director David Lloyd Johnston sold 39 shares of Fairfax Financial stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of C$1,819.21, for a total value of C$70,949.19. Also, Director F. Brian Bradstreet sold 1,000 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of C$1,875.00, for a total transaction of C$1,875,000.00. In the last ninety days, insiders have sold 7,829 shares of company stock worth $12,997,725. Corporate 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.