Scotiabank Issues Positive Forecast for Fairfax Financial (TSE:FFH) Stock Price

Fairfax Financial (TSE:FFH - Get Free Report) had its price target raised by analysts at Scotiabank from C$2,500.00 to C$2,900.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. Scotiabank's target price would indicate a potential upside of 18.69% from the company's previous close.

Several other research firms have also recently issued reports on FFH. National Bankshares lifted their price objective on 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. CIBC boosted their target price on Fairfax Financial from C$2,500.00 to C$2,700.00 in a report on Friday, May 2nd. BMO Capital Markets boosted their target price on Fairfax Financial from C$2,500.00 to C$2,800.00 in a report on Friday, July 11th. Cormark boosted their target price on Fairfax Financial from C$2,250.00 to C$2,700.00 in a report on Monday, May 5th. Finally, Royal Bank Of Canada upgraded Fairfax Financial to a "moderate buy" rating and set a C$2,050.00 target price on the stock in a report on Wednesday, June 18th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Fairfax Financial presently has an average rating of "Buy" and a consensus price target of C$2,678.57.

Fairfax Financial Stock Performance

Shares of Fairfax Financial stock traded up C$7.37 on Wednesday, hitting C$2,443.32. The company's stock had a trading volume of 20,438 shares, compared to its average volume of 54,771. Fairfax Financial has a 1 year low of C$1,425.00 and a 1 year high of C$2,508.57. The firm has a fifty day moving average price of C$2,386.59 and a 200-day moving average price of C$2,161.98. The company has a market capitalization of C$39.19 billion, a price-to-earnings ratio of 9.36, a price-to-earnings-growth ratio of 0.27 and a beta of 0.83.

Insider Buying and Selling

In related news, insider Andrew Barnard sold 500 shares of the firm's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of C$2,274.20, for a total value of C$1,137,100.00. Also, Director Kleven Sava sold 181 shares of the firm's stock in a transaction dated 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. Over the last ninety days, insiders have acquired 19 shares of company stock valued at $45,878 and have sold 2,524 shares valued at $5,967,886. 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.