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

Fairfax Financial Holdings Limited (TSE:FFH - Get Free Report) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$2,021.83 and traded as high as C$2,081.58. Fairfax Financial shares last traded at C$2,060.01, with a volume of 22,405 shares trading hands.

Analyst Upgrades and Downgrades

FFH has been the subject of several recent research reports. Raymond James set a C$2,600.00 price objective on Fairfax Financial and gave the company an "outperform" rating in a research report on Friday, April 11th. Cormark lifted their price target on shares of Fairfax Financial from C$2,125.00 to C$2,250.00 in a research report on Tuesday, February 18th. Scotiabank upped their price objective on shares of Fairfax Financial from C$2,400.00 to C$2,500.00 and gave the stock a "sector perform" rating in a report on Thursday. Finally, CIBC upped their price target on Fairfax Financial from C$2,400.00 to C$2,500.00 in a research note on Monday, March 10th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Fairfax Financial currently has an average rating of "Moderate Buy" and a consensus target price of C$2,239.29.

Fairfax Financial Stock Performance

The company has a market capitalization of C$34.32 billion, a P/E ratio of 8.19, a PEG ratio of 0.27 and a beta of 0.83. The stock has a fifty day moving average of C$2,023.61 and a 200 day moving average of C$1,957.72.

Insider Buying and Selling at Fairfax Financial

In other Fairfax Financial news, Director Brian Johnston Porter bought 100 shares of Fairfax Financial stock in a transaction on Tuesday, February 18th. The shares were acquired at an average price of C$2,104.88 per share, for a total transaction of C$210,488.00. Also, Director F. Brian Bradstreet sold 1,000 shares of the firm's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of C$1,985.00, for a total transaction of C$1,985,000.00. Insiders have sold a total of 6,642 shares of company stock valued at $13,178,144 over the last ninety days. 3.76% of the stock is currently owned by company 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.