Fairfax Financial (TSE:FFH) Hits New 12-Month High - What's Next?

Fairfax Financial Holdings Limited (TSE:FFH - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$2,393.06 and last traded at C$2,392.64, with a volume of 9527 shares trading hands. The stock had previously closed at C$2,355.55.

Wall Street Analyst Weigh In

A number of research firms recently commented on FFH. National Bankshares boosted their price objective on shares of Fairfax Financial from C$2,600.00 to C$2,700.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Raymond James set a C$2,600.00 price target on Fairfax Financial and gave the stock an "outperform" rating in a research note on Friday, April 11th. CIBC upped their price target on Fairfax Financial from C$2,500.00 to C$2,700.00 in a report on Friday, May 2nd. Scotiabank lifted their price objective on Fairfax Financial from C$2,400.00 to C$2,500.00 and gave the stock a "sector perform" rating in a report on Thursday, April 24th. Finally, Cormark boosted their target price on Fairfax Financial from C$2,250.00 to C$2,700.00 in a research report on Monday, May 5th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Fairfax Financial has a consensus rating of "Moderate Buy" and an average price target of C$2,446.43.

Fairfax Financial Stock Performance

The business has a fifty day simple moving average of C$2,187.64 and a 200 day simple moving average of C$2,068.91. The stock has a market cap of C$38.69 billion, a price-to-earnings ratio of 9.24, a PEG ratio of 0.27 and a beta of 0.83.

Insider Activity at Fairfax Financial

In other news, Director F. Brian Bradstreet sold 1,000 shares of the firm's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of C$1,985.00, for a total transaction of C$1,985,000.00. Also, Director David Lloyd Johnston sold 27 shares of the company's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of C$2,282.06, for a total value of C$61,615.62. Insiders have sold a total of 2,427 shares of company stock valued at $5,229,167 over the last quarter. 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.

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