Fairfax Financial (TSE:FFH) Hits New 1-Year High – What’s Next?

Fairfax Financial Holdings Limited (TSE:FFH)’s share price reached a new 52-week high on Monday . The company traded as high as C$2,252.93 and last traded at C$2,213.48, with a volume of 2568 shares trading hands. The stock had previously closed at C$2,199.35.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. BMO Capital Markets raised their price objective on Fairfax Financial from C$2,400.00 to C$2,500.00 in a report on Monday, May 5th. Cormark lifted their target price on shares of Fairfax Financial from C$2,250.00 to C$2,700.00 in a report on Monday, May 5th. Scotiabank boosted their price target on Fairfax Financial from C$2,400.00 to C$2,500.00 and gave the company a “sector perform” rating in a research note on Thursday, April 24th. CIBC increased their target price on shares of Fairfax Financial from C$2,500.00 to C$2,700.00 in a research report on Friday, May 2nd. Finally, National Bankshares boosted their price target on Fairfax Financial from C$2,600.00 to C$2,700.00 and gave the company an “outperform” rating in a research note on Wednesday, April 30th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$2,446.43.

Fairfax Financial Trading Up 0.1%

The stock’s 50-day moving average price is C$2,049.32 and its 200-day moving average price is C$1,992.42. The stock has a market cap of C$35.30 billion, a price-to-earnings ratio of 8.43, a P/E/G ratio of 0.27 and a beta of 0.83.

Insider Activity

In other news, Director Jonathan Godown sold 50 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of C$1,989.23, for a total value of C$99,461.43. Also, Director Brian Johnston Porter bought 100 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average cost of C$2,104.88 per share, with a total value of C$210,488.00. Insiders have sold 6,792 shares of company stock valued at $13,498,692 in the last ninety days. 3.76% of the stock is owned by company insiders.

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.