Fairfax Financial (TSE:FFH) Sets New 52-Week High - Time to Buy?

Fairfax Financial Holdings Limited (TSE:FFH - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$2,156.88 and last traded at C$2,146.32, with a volume of 5709 shares traded. The stock had previously closed at C$2,123.07.

Wall Street Analyst Weigh In

FFH has been the subject of a number of analyst reports. Scotiabank raised their target price on shares of Fairfax Financial from C$2,400.00 to C$2,500.00 and gave the company a "sector perform" rating in a research note on Thursday, April 24th. CIBC increased their price target on Fairfax Financial from C$2,400.00 to C$2,500.00 in a report on Monday, March 10th. National Bankshares boosted their price objective on shares of Fairfax Financial from C$2,600.00 to C$2,700.00 and gave the company an "outperform" rating in a research report on Wednesday. Raymond James set a C$2,600.00 price objective on shares of Fairfax Financial and gave the stock an "outperform" rating in a research note on Friday, April 11th. Finally, Cormark boosted their price target on shares of Fairfax Financial from C$2,125.00 to C$2,250.00 in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of C$2,310.71.

Fairfax Financial Price Performance

The firm has a 50-day moving average price of C$2,031.59 and a two-hundred day moving average price of C$1,969.39. The firm has a market capitalization of C$34.62 billion, a P/E ratio of 8.26, a P/E/G ratio of 0.27 and a beta of 0.83.

Insider Activity

In other Fairfax Financial news, Director Jonathan Godown sold 50 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of C$1,989.23, for a total transaction of C$99,461.43. Also, Director Brian Johnston Porter bought 100 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were bought at an average cost of C$2,104.88 per share, for a total transaction of C$210,488.00. Over the last quarter, insiders sold 6,692 shares of company stock valued at $13,277,605. 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.