Fairfax Financial (TSE:FFH) Rating Increased to Moderate Buy at Raymond James

Raymond James upgraded shares of Fairfax Financial (TSE:FFH - Free Report) to a moderate buy rating in a research report sent to investors on Thursday, April 10th,Zacks.com reports.

Several other research analysts also recently commented on FFH. Cormark boosted their price objective on shares of Fairfax Financial from C$2,125.00 to C$2,250.00 in a research report on Tuesday, February 18th. CIBC lifted their price target on shares of Fairfax Financial from C$2,400.00 to C$2,500.00 in a report on Monday, March 10th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Fairfax Financial presently has an average rating of "Buy" and an average price target of C$2,196.43.

Fairfax Financial Stock Up 0.3 %

Shares of FFH traded up C$6.47 during midday trading on Thursday, reaching C$2,064.18. 8,889 shares of the stock were exchanged, compared to its average volume of 65,348. The stock's 50 day simple moving average is C$2,017.44 and its 200 day simple moving average is C$1,938.97. Fairfax Financial has a twelve month low of C$1,425.00 and a twelve month high of C$2,153.96. The company has a market cap of C$33.11 billion, a P/E ratio of 7.90, a PEG ratio of 0.27 and a beta of 0.83.

Insider Buying and Selling

In other Fairfax Financial news, Director F. Brian Bradstreet sold 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of C$1,985.00, for a total value of C$1,985,000.00. Also, Director Brian Johnston Porter acquired 100 shares of Fairfax Financial stock in a transaction dated Tuesday, February 18th. The shares were acquired at an average price of C$2,104.88 per share, with a total value of C$210,488.00. Insiders have sold a total of 6,642 shares of company stock valued at $13,178,144 over the last 90 days. 3.76% of the stock is owned by insiders.

Fairfax Financial Company Profile

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.