Fairfax Financial Holdings Limited (TSE:FFH) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Fairfax Financial Holdings Limited has received a consensus recommendation of "Moderate Buy" from six brokerages, with one hold rating and five buy ratings.
• The average twelve-month target price among analysts for Fairfax Financial is C$2,742.86, with multiple upgrades to price objectives from various investment firms.
• As of the latest data, Fairfax Financial shares opened at C$2,398.68 and have a market cap of C$53.61 billion, with a twelve-month trading range of C$1,656.15 to C$2,521.95.

Shares of Fairfax Financial Holdings Limited (TSE:FFH - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the six brokerages that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$2,742.86.

FFH has been the subject of a number of recent analyst reports. Royal Bank Of Canada boosted their price objective on shares of Fairfax Financial from C$2,050.00 to C$2,200.00 and gave the stock an "outperform" rating in a report on Tuesday, August 5th. BMO Capital Markets boosted their price objective 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 boosted their target price 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 note on Monday, July 7th. Scotiabank increased their price target 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. Finally, National Bankshares increased their price target 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.

Fairfax Financial Stock Up 0.4%

Shares of TSE FFH opened at C$2,398.68 on Friday. Fairfax Financial has a twelve month low of C$1,656.15 and a twelve month high of C$2,521.95. The firm has a market cap of C$53.61 billion, a P/E ratio of 12.18, a PEG ratio of 0.27 and a beta of 0.53. The company has a 50 day moving average of C$2,405.20 and a 200 day moving average of C$2,278.91.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.