Fairfax Financial (TSE:FFH) Share Price Passes Above Two Hundred 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)'s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 trading hands.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. National Bankshares raised their target price on Fairfax Financial from C$2,700.00 to C$3,000.00 and gave the company an "outperform" rating in a research note on Tuesday, July 29th. Royal Bank Of Canada lifted 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 report on Tuesday, August 5th. BMO Capital Markets lifted their target price on Fairfax Financial from C$2,500.00 to C$2,800.00 in a report on Friday, July 11th. Scotiabank lifted 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 report on Wednesday, July 23rd. Finally, Raymond James Financial lifted 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 report on Monday, July 7th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, Fairfax Financial presently has a consensus rating of "Moderate Buy" and a consensus target price of C$2,742.86.

Fairfax Financial Stock Performance

The stock has a 50 day moving average of C$2,411.52 and a two-hundred day moving average of C$2,249.26. The stock has a market cap of C$54.01 billion, a PE ratio of 12.27, a PEG ratio of 0.27 and a beta of 0.53.

Insider Buying and Selling

In related news, Director Kleven Sava sold 181 shares of Fairfax Financial stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of C$2,465.95, for a total value of C$446,336.95. Also, Director F. Brian Bradstreet sold 700 shares of Fairfax Financial stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of C$2,503.00, for a total value of C$1,752,100.00. In the last quarter, insiders have purchased 19 shares of company stock valued at $45,878 and have sold 1,097 shares valued at $2,723,719. 3.76% of the stock is currently owned by company 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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