Fairfax Financial Holdings Limited (TSE:FFH) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Fairfax Financial Holdings Limited has received a consensus rating of "Moderate Buy" from six brokerages, with five analysts recommending a buy and one suggesting a hold.
• The average 12-month price target for Fairfax Financial by analysts stands at C$2,764.29, reflecting a recent upward revision from multiple investment firms.
• As of the latest trading, FFH stock opened at C$2,312.19, having fluctuated between a 12-month low of C$1,715.00 and a high of C$2,522.33.

Fairfax Financial Holdings Limited (TSE:FFH - Get Free Report) has been assigned an average rating of "Moderate Buy" from the six ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$2,764.29.

A number of research analysts have recently weighed in on the company. Raymond James Financial raised their target price on Fairfax Financial from C$2,900.00 to C$3,050.00 and gave the company an "outperform" rating in a report on Thursday, October 16th. Scotiabank raised their target price on Fairfax Financial from C$2,500.00 to C$2,900.00 and gave the company an "outperform" rating in a report on Wednesday, July 23rd. BMO Capital Markets raised their target price on Fairfax Financial from C$2,500.00 to C$2,800.00 in a report on Friday, July 11th. National Bankshares raised their target price on Fairfax Financial from C$2,700.00 to C$3,000.00 and gave the company an "outperform" rating in a report on Tuesday, July 29th. Finally, Cormark lowered Fairfax Financial from a "moderate buy" rating to a "hold" rating in a report on Wednesday, August 6th.

Fairfax Financial Stock Down 0.7%

FFH stock opened at C$2,312.19 on Tuesday. Fairfax Financial has a twelve month low of C$1,715.00 and a twelve month high of C$2,522.33. The stock's 50 day moving average is C$2,404.11 and its 200-day moving average is C$2,330.78. The firm has a market capitalization of C$51.42 billion, a PE ratio of 11.74, a P/E/G ratio of 0.27 and a beta of 0.44.

About Fairfax Financial

Fairfax Financial is a holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and the associated investment management.

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