Fairfax Financial (TSE:FFH) Sets New 52-Week High - Time to Buy?

Fairfax Financial Holdings Limited (TSE:FFH - Get Free Report) hit a new 52-week high on Monday . The company traded as high as C$2,252.93 and last traded at C$2,213.48, with a volume of 2568 shares changing hands. The stock had previously closed at C$2,199.35.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on FFH shares. BMO Capital Markets upped their price target on Fairfax Financial from C$2,400.00 to C$2,500.00 in a research report on Monday, May 5th. Raymond James set a C$2,600.00 target price on shares of Fairfax Financial and gave the stock an "outperform" rating in a report on Friday, April 11th. Cormark lifted their price target on shares of Fairfax Financial from C$2,250.00 to C$2,700.00 in a report on Monday, May 5th. National Bankshares boosted their price objective on shares of Fairfax Financial from C$2,600.00 to C$2,700.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Finally, CIBC raised their target price on shares of Fairfax Financial from C$2,500.00 to C$2,700.00 in a report on Friday, May 2nd. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Fairfax Financial has an average rating of "Moderate Buy" and an average target price of C$2,446.43.

Fairfax Financial Price Performance

The business's 50 day moving average price is C$2,049.32 and its 200-day moving average price is C$1,992.42. The company has a market cap of C$35.30 billion, a P/E ratio of 8.43, a PEG ratio of 0.27 and a beta of 0.83.

Insider Activity

In related news, Director Brian Johnston Porter purchased 100 shares of Fairfax Financial stock in a transaction dated Tuesday, February 18th. The shares were acquired at an average cost of C$2,104.88 per share, for a total transaction of C$210,488.00. Also, Director Brian David Young sold 3,337 shares of the firm's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of C$1,934.05, for a total value of C$6,453,923.52. Over the last ninety days, insiders sold 6,792 shares of company stock worth $13,498,692. 3.76% of the stock is 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.

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