Cormark Issues Positive Forecast for Fairfax Financial (TSE:FFH) Stock Price

Fairfax Financial (TSE:FFH) had its price objective hoisted by equities researchers at Cormark from C$2,125.00 to C$2,250.00 in a research report issued on Tuesday,BayStreet.CA reports. Cormark’s target price suggests a potential upside of 6.94% from the company’s previous close.

A number of other research analysts have also weighed in on FFH. CIBC raised their target price on shares of Fairfax Financial from C$2,200.00 to C$2,400.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Scotiabank lifted their price target on shares of Fairfax Financial from C$2,100.00 to C$2,200.00 in a research report on Monday, November 4th. BMO Capital Markets lifted their price target on shares of Fairfax Financial from C$1,850.00 to C$2,200.00 in a research report on Monday, November 4th. Finally, National Bankshares lifted their price target on shares of Fairfax Financial from C$2,100.00 to C$2,200.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$2,112.50.

Fairfax Financial Price Performance

FFH stock traded up C$33.84 during trading on Tuesday, hitting C$2,104.03. The stock had a trading volume of 33,260 shares, compared to its average volume of 77,292. Fairfax Financial has a twelve month low of C$1,343.50 and a twelve month high of C$2,119.64. The stock has a market capitalization of C$33.75 billion, a P/E ratio of 8.06, a PEG ratio of 0.27 and a beta of 0.83. The company’s 50-day moving average price is C$1,993.11 and its two-hundred day moving average price is C$1,812.15.

Insiders Place Their Bets

In other Fairfax Financial news, Director F. Brian Bradstreet sold 1,500 shares of Fairfax Financial stock in a transaction on Friday, November 22nd. The shares were sold at an average price of C$1,971.00, for a total value of C$2,956,500.00. Also, Director R. William Mcfarland sold 4,800 shares of Fairfax Financial stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of C$25.21, for a total transaction of C$121,008.00. In the last three months, insiders sold 6,313 shares of company stock valued at $3,103,234. Company 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.