Fairfax Financial (TSE:FFH) Price Target Raised to C$3,000.00

Key Points

• Fairfax Financial has seen its price target increased to C$3,000.00 by National Bankshares, indicating a potential upside of 20% from its previous close.
• Other analysts have also raised their price objectives for Fairfax Financial, with the average price target now at C$2,721.43 and a solid rating of "Buy" from multiple firms.
• The company's stock rose 1.3% on Tuesday, reaching C$2,500.00, with a market cap of C$40.10 billion.

Fairfax Financial (TSE:FFH - Get Free Report) had its price target lifted by stock analysts at National Bankshares from C$2,700.00 to C$3,000.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. National Bankshares' price target would suggest a potential upside of 20.00% from the stock's previous close.

Other research analysts have also recently issued reports about the company. Raymond James Financial lifted their price objective on Fairfax Financial from C$2,600.00 to C$2,900.00 and gave the company an "outperform" rating in a research report on Monday, July 7th. Scotiabank boosted their price objective 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. Cormark boosted their price target on Fairfax Financial from C$2,250.00 to C$2,700.00 in a research report on Monday, May 5th. Royal Bank Of Canada upgraded 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. Finally, CIBC increased their price objective on Fairfax Financial from C$2,500.00 to C$2,700.00 in a report on Friday, May 2nd. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of C$2,721.43.

Fairfax Financial Stock Up 1.3%

Shares of TSE FFH traded up C$32.14 during trading on Tuesday, reaching C$2,500.00. The company had a trading volume of 27,681 shares, compared to its average volume of 54,393. Fairfax Financial has a 12-month low of C$1,425.00 and a 12-month high of C$2,510.26. The stock has a market cap of C$40.10 billion, a PE ratio of 9.57, a P/E/G ratio of 0.27 and a beta of 0.83. The business's 50-day moving average is C$2,390.85 and its 200 day moving average is C$2,167.07.

Insider Activity

In related news, Director Kleven Sava sold 181 shares of the stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of C$2,465.95, for a total transaction of C$446,336.95. Also, Director F. Brian Bradstreet sold 700 shares of the stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of C$2,503.00, for a total value of C$1,752,100.00. In the last 90 days, insiders have bought 19 shares of company stock valued at $45,878 and have sold 2,524 shares valued at $5,967,886. 3.76% of the stock is owned by corporate insiders.

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.

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