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

Fairfax Financial (TSE:FFH - Get Free Report) had its price objective increased by equities research analysts at Raymond James Financial from C$2,600.00 to C$2,900.00 in a note issued to investors on Monday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. Raymond James Financial's price target would suggest a potential upside of 18.22% from the company's previous close.

FFH has been the subject of several other reports. 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. Scotiabank boosted 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. BMO Capital Markets boosted their price objective on Fairfax Financial from C$2,400.00 to C$2,500.00 in a report on Monday, May 5th. CIBC boosted their price target on shares of Fairfax Financial from C$2,500.00 to C$2,700.00 in a research note on Friday, May 2nd. Finally, Royal Bank Of Canada raised shares of Fairfax Financial to a "moderate buy" rating and set a C$2,050.00 price target for the company in a research note on Wednesday, June 18th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$2,578.57.

Fairfax Financial Price Performance

FFH stock traded up C$22.96 during mid-day trading on Monday, reaching C$2,453.09. 45,036 shares of the company traded hands, compared to its average volume of 57,012. The company has a fifty day moving average price of C$2,317.10 and a 200-day moving average price of C$2,118.35. The company has a market capitalization of C$39.35 billion, a P/E ratio of 9.39, a P/E/G ratio of 0.27 and a beta of 0.83. Fairfax Financial has a 52-week low of C$1,425.00 and a 52-week high of C$2,508.57.

Insider Transactions at Fairfax Financial

In other Fairfax Financial news, Senior Officer Jean Cloutier sold 216 shares of the company's stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of C$2,431.86, for a total value of C$525,281.76. Also, Senior Officer Michael Anthony Wallace sold 350 shares of the company's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of C$2,279.88, for a total transaction of C$797,959.51. Following the completion of the sale, the insider directly owned 236 shares of the company's stock, valued at C$538,052.69. This trade represents a 59.73% decrease in their position. In the last three months, insiders bought 19 shares of company stock worth $45,878 and sold 2,524 shares worth $5,967,886. 3.76% of the stock is owned by company insiders.

About Fairfax Financial

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.