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

Key Points

• Fairfax Financial Holdings Limited has received a consensus rating of "Moderate Buy" from six analysts, with an average target price of C$2,742.86.
• A recent downgrade by Cormark lowered the stock's rating from "moderate buy" to "hold," while CIBC and Scotiabank raised their price targets, showing mixed sentiment among analysts.
• Insider transactions indicate significant selling activity, with insiders selling 2,424 shares valued at C$5,746,799 over the last three months, while only acquiring 19 shares.

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 Ratings reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$2,742.86.

A number of brokerages recently weighed in on FFH. Royal Bank Of Canada upped their target price on shares of Fairfax Financial from C$2,050.00 to C$2,200.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 5th. Cormark lowered shares of Fairfax Financial from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, August 6th. BMO Capital Markets raised their price target on shares of Fairfax Financial from C$2,500.00 to C$2,800.00 in a report on Friday, July 11th. Raymond James Financial raised their price target on shares of Fairfax Financial from C$2,600.00 to C$2,900.00 and gave the company an "outperform" rating in a research report on Monday, July 7th. Finally, CIBC upped their target price on shares of Fairfax Financial from C$2,500.00 to C$2,700.00 in a report on Friday, May 2nd.

Fairfax Financial Stock Performance

Shares of TSE FFH traded down C$14.59 during trading on Thursday, reaching C$2,350.70. The company had a trading volume of 19,148 shares, compared to its average volume of 54,676. Fairfax Financial has a 52 week low of C$1,485.60 and a 52 week high of C$2,521.95. The stock has a market cap of C$37.70 billion, a PE ratio of 9.00, a PEG ratio of 0.27 and a beta of 0.83. The business's 50 day moving average price is C$2,412.06 and its 200-day moving average price is C$2,194.34.

Insiders Place Their Bets

In related news, Director F. Brian Bradstreet sold 700 shares of the stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of C$2,503.00, for a total value of C$1,752,100.00. Also, insider Andrew Barnard sold 500 shares of the stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of C$2,274.20, for a total transaction of C$1,137,100.00. In the last ninety days, insiders purchased 19 shares of company stock worth $45,878 and sold 2,424 shares worth $5,746,799. 3.76% of the stock is currently owned by corporate insiders.

Fairfax Financial Company Profile

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