Fairfax Financial (TSE:FFH) Stock Rating Upgraded by Royal Bank Of Canada

Royal Bank Of Canada upgraded shares of Fairfax Financial (TSE:FFH - Free Report) to a moderate buy rating in a research report released on Wednesday morning, MarketBeat reports. Royal Bank Of Canada currently has C$2,050.00 price objective on the stock.

Several other equities research analysts have also weighed in on the company. Cormark raised their price objective on Fairfax Financial from C$2,250.00 to C$2,700.00 in a research note on Monday, May 5th. National Bankshares raised their target price on Fairfax Financial from C$2,600.00 to C$2,700.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Raymond James Financial set a C$2,600.00 target price on Fairfax Financial and gave the stock an "outperform" rating in a research report on Friday, April 11th. BMO Capital Markets raised their target price on Fairfax Financial from C$2,400.00 to C$2,500.00 in a research report on Monday, May 5th. Finally, CIBC raised their target price on Fairfax Financial from C$2,500.00 to C$2,700.00 in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$2,535.71.

Fairfax Financial Price Performance

Shares of FFH traded up C$10.20 during trading hours on Wednesday, hitting C$2,426.21. 106,019 shares of the company were exchanged, compared to its average volume of 58,235. The company has a market capitalization of C$38.91 billion, a PE ratio of 9.29, a PEG ratio of 0.27 and a beta of 0.83. The firm has a fifty day simple moving average of C$2,233.52 and a 200-day simple moving average of C$2,083.16. Fairfax Financial has a one year low of C$1,425.00 and a one year high of C$2,447.30.

Insider Transactions at Fairfax Financial

In other Fairfax Financial news, Senior Officer Jean Cloutier sold 216 shares of Fairfax Financial 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 transaction of C$525,281.76. Also, Senior Officer Michael Anthony Wallace sold 350 shares of Fairfax Financial stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of C$2,279.88, for a total value of C$797,959.51. Following the sale, the insider now directly owns 236 shares in the company, valued at C$538,052.69. The trade was a 59.73% decrease in their ownership of the stock. Over the last ninety days, insiders have acquired 19 shares of company stock worth $45,878 and have sold 1,643 shares worth $3,769,449. 3.76% of the stock is currently owned by corporate 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.