Royal Bank Of Canada Forecasts Strong Price Appreciation for Fairfax Financial (TSE:FFH) Stock

Key Points

• Royal Bank Of Canada increased its target price for Fairfax Financial stock from C$2,050.00 to C$2,200.00, maintaining an "outperform" rating despite suggesting a potential downside of 8.51% from the last close.
• Other analysts, including Cormark and CIBC, have also raised their price targets significantly, with a consensus target price of C$2,742.86 across five analysts rating the stock as a Buy.
• Fairfax Financial shares experienced a slight increase in trading, reaching C$2,404.63, with a market capitalization of C$38.57 billion and a P/E ratio of 9.21.

Fairfax Financial (TSE:FFH - Free Report) had its price target hoisted by Royal Bank Of Canada from C$2,050.00 to C$2,200.00 in a research note released on Tuesday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

FFH has been the subject of a number of other reports. CIBC upped their price target on shares of Fairfax Financial from C$2,500.00 to C$2,700.00 in a report on Friday, May 2nd. National Bankshares upped their price target on shares of Fairfax Financial from C$2,700.00 to C$3,000.00 and gave the company an "outperform" rating in a report on Tuesday, July 29th. Scotiabank upped their price target on shares of Fairfax Financial from C$2,500.00 to C$2,900.00 and gave the company an "outperform" rating in a report on Wednesday, July 23rd. Cormark increased their target price on shares of Fairfax Financial from C$2,250.00 to C$2,700.00 in a research note on Monday, May 5th. Finally, BMO Capital Markets increased their target price on shares of Fairfax Financial from C$2,500.00 to C$2,800.00 in a research note on Friday, July 11th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$2,742.86.

Fairfax Financial Stock Down 1.6%

FFH stock traded down C$37.70 during mid-day trading on Tuesday, reaching C$2,365.29. 55,991 shares of the stock traded hands, compared to its average volume of 54,910. Fairfax Financial has a 52 week low of C$1,459.66 and a 52 week high of C$2,521.95. The business has a 50-day moving average of C$2,412.06 and a two-hundred day moving average of C$2,193.10. The firm has a market capitalization of C$37.94 billion, a PE ratio of 9.06, a P/E/G ratio of 0.27 and a beta of 0.83.

Insider Activity

In other Fairfax Financial news, Senior Officer Jean Cloutier sold 216 shares of the firm's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of C$2,431.86, for a total transaction of C$525,281.76. Also, Director Kleven Sava sold 181 shares of the firm's stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of C$2,465.95, for a total transaction of C$446,336.95. Over the last quarter, insiders have purchased 19 shares of company stock valued at $45,878 and have sold 2,424 shares valued at $5,746,799. 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.