Fairfax Financial (TSE:FFH) Shares Pass Above 200-Day Moving Average - Time to Sell?

Key Points

• Fairfax Financial's share price has exceeded its 200-day moving average, indicating a possible upward trend, with shares last trading at C$2,416.45.
• Recent upgrades from several analysts have raised the consensus target price for the stock to C$2,742.86, with a rating of "Moderate Buy."
• Insider transactions revealed that directors sold significant amounts of stock recently, raising concerns as 3.76% of shares are held by company insiders.

Fairfax Financial Holdings Limited (TSE:FFH - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$2,249.26 and traded as high as C$2,422.65. Fairfax Financial shares last traded at C$2,416.45, with a volume of 43,683 shares.

Analyst Ratings Changes

FFH has been the subject of a number of research analyst reports. National Bankshares upped their target price on Fairfax Financial from C$2,700.00 to C$3,000.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 29th. Cormark downgraded Fairfax Financial from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, August 6th. Raymond James Financial upped their target price on Fairfax Financial from C$2,600.00 to C$2,900.00 and gave the stock an "outperform" rating in a research report on Monday, July 7th. Royal Bank Of Canada upped their target price on Fairfax Financial from C$2,050.00 to C$2,200.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 5th. Finally, Scotiabank upped their target price on Fairfax Financial from C$2,500.00 to C$2,900.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of C$2,742.86.

Fairfax Financial Trading Down 0.6%

The business has a 50-day moving average price of C$2,412.24 and a 200 day moving average price of C$2,258.73. The company has a market cap of C$54.21 billion, a price-to-earnings ratio of 12.32, a P/E/G ratio of 0.27 and a beta of 0.53.

Insider Activity

In other news, Senior Officer Jean Cloutier sold 216 shares of the stock in a transaction 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, Director F. Brian Bradstreet sold 700 shares of the stock in a transaction on 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 purchased 19 shares of company stock worth $45,878 and sold 1,097 shares worth $2,723,719. Insiders own 3.76% of the company's stock.

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.