Fairfax Financial Holdings Limited (TSE:FFH) Receives C$2,742.86 Consensus PT from Brokerages

Key Points

• Fairfax Financial Holdings Limited (TSE:FFH) has received an average analyst recommendation of "Moderate Buy", with five out of six analysts rating the stock as a buy.
• The average twelve-month price target for Fairfax Financial is C$2,742.86, reflecting recent upgrades by several analysts including National Bank and Raymond James.
• Insider activity includes significant share sales by directors, with a total of 1,097 shares sold in the last 90 days, while insiders collectively own 3.76% of the company stock.

Fairfax Financial Holdings Limited (TSE:FFH - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the six analysts that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$2,742.86.

Several research analysts recently commented on FFH shares. Scotiabank raised their price objective on shares of Fairfax Financial from C$2,500.00 to C$2,900.00 and gave the stock an "outperform" rating in a report on Wednesday, July 23rd. National Bankshares raised their price target on shares of 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. Royal Bank Of Canada raised their price target on shares of Fairfax Financial from C$2,050.00 to C$2,200.00 and gave the company an "outperform" rating in a report on Tuesday, August 5th. Cormark downgraded shares of Fairfax Financial from a "moderate buy" rating to a "hold" rating in a report on Wednesday, August 6th. Finally, 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 report on Monday, July 7th.

Fairfax Financial Stock Up 1.0%

FFH traded up C$22.71 on Monday, hitting C$2,399.71. The company's stock had a trading volume of 45,660 shares, compared to its average volume of 54,647. The company's 50 day simple moving average is C$2,416.45 and its 200-day simple moving average is C$2,238.79. The firm has a market cap of C$53.63 billion, a P/E ratio of 12.19, a price-to-earnings-growth ratio of 0.27 and a beta of 0.64. Fairfax Financial has a 12 month low of C$1,597.13 and a 12 month high of C$2,521.95.

Insider Activity

In other news, Director Kleven Sava sold 181 shares of the firm's stock in a transaction on Monday, June 23rd. The shares were sold at an average price of C$2,465.95, for a total transaction of C$446,336.95. Also, Senior Officer Jean Cloutier sold 216 shares of the firm's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of C$2,431.86, for a total transaction of C$525,281.76. In the last quarter, insiders have purchased 19 shares of company stock worth $45,878 and have sold 1,097 shares worth $2,723,719. Corporate insiders own 3.76% of the company's stock.

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.