Fairfax Financial (TSE:FFH) Sets New 12-Month High – Here’s What Happened

Fairfax Financial Holdings Limited (TSE:FFH) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$2,393.06 and last traded at C$2,392.64, with a volume of 9527 shares traded. The stock had previously closed at C$2,355.55.

Analyst Ratings Changes

Several research analysts have commented on FFH shares. Scotiabank lifted their price target on shares of Fairfax Financial from C$2,400.00 to C$2,500.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 24th. Raymond James Financial set a C$2,600.00 price target on shares of Fairfax Financial and gave the company an “outperform” rating in a research report on Friday, April 11th. BMO Capital Markets lifted their price objective on Fairfax Financial from C$2,400.00 to C$2,500.00 in a report on Monday, May 5th. National Bankshares increased their target price on Fairfax Financial from C$2,600.00 to C$2,700.00 and gave the company an “outperform” rating in a report on Wednesday, April 30th. Finally, CIBC boosted their price objective on shares of Fairfax Financial from C$2,500.00 to C$2,700.00 in a research report on Friday, May 2nd. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$2,446.43.

Fairfax Financial Trading Up 0.6%

The company has a market cap of C$38.75 billion, a PE ratio of 9.25, a PEG ratio of 0.27 and a beta of 0.83. The stock has a 50 day moving average price of C$2,206.46 and a 200 day moving average price of C$2,074.95.

Insider Buying and Selling

In other Fairfax Financial news, insider Andrew Barnard sold 500 shares of Fairfax Financial stock in a transaction on Friday, May 23rd. The stock was sold at an average price of C$2,274.20, for a total transaction of C$1,137,100.00. Also, Director Roger Lace sold 100 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of C$2,210.87, for a total value of C$221,087.00. Insiders have sold 1,427 shares of company stock valued at $3,244,167 over the last quarter. 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.