Fairfax Financial Holdings Limited (TSE:FFH - Get Free Report) shares hit a new 52-week high during trading on Monday . The stock traded as high as C$2,445.07 and last traded at C$2,445.40, with a volume of 17806 shares traded. The stock had previously closed at C$2,426.21.
Wall Street Analysts Forecast Growth
Several brokerages have commented on FFH. BMO Capital Markets lifted their target price on Fairfax Financial from C$2,400.00 to C$2,500.00 in a report on Monday, May 5th. National Bankshares lifted 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 report on Wednesday, April 30th. CIBC lifted their price objective on Fairfax Financial from C$2,500.00 to C$2,700.00 in a research report on Friday, May 2nd. Royal Bank Of Canada raised Fairfax Financial to a "moderate buy" rating and set a C$2,050.00 price objective for the company in a research report on Wednesday, June 18th. Finally, 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 research report on Thursday, April 24th. One equities research analyst has rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$2,535.71.
Get Our Latest Stock Analysis on FFH
Fairfax Financial Trading Down 0.3%
The company has a 50-day moving average price of C$2,259.60 and a two-hundred day moving average price of C$2,092.97. The stock has a market capitalization of C$39.06 billion, a P/E ratio of 9.33, a price-to-earnings-growth ratio of 0.27 and a beta of 0.83.
Insider Transactions at Fairfax Financial
In related news, Director David Lloyd Johnston sold 27 shares of the business's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of C$2,282.06, for a total value of C$61,615.62. Also, Senior Officer Michael Anthony Wallace sold 350 shares of the business's stock in a transaction dated 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 completion of the sale, the insider now directly owns 236 shares of the company's stock, valued at C$538,052.69. The trade was a 59.73% decrease in their ownership of the stock. In the last ninety days, insiders acquired 19 shares of company stock valued at $45,878 and sold 2,524 shares valued at $5,967,886. Corporate insiders own 3.76% of the company's stock.
Fairfax Financial Company Profile
(
Get Free Report)
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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