Fairfax India Holdings Corp (TSE:FIH.U)’s stock price traded up 0.6% during trading on Wednesday . The stock traded as high as C$11.90 and last traded at C$11.78, 3,225 shares traded hands during mid-day trading. The stock had previously closed at C$11.71.
A number of equities research analysts recently weighed in on FIH.U shares. Canaccord Genuity reduced their price objective on Fairfax India from C$16.00 to C$15.75 in a research report on Tuesday, August 6th. Cormark dropped their target price on Fairfax India from C$16.50 to C$15.00 in a research report on Tuesday, August 6th. Finally, Royal Bank of Canada cut their price target on Fairfax India from C$18.00 to C$17.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 13th.
The company has a 50 day simple moving average of C$11.63 and a 200-day simple moving average of C$12.32. The stock has a market capitalization of $1.45 billion and a price-to-earnings ratio of 75.06. The company has a quick ratio of 0.02, a current ratio of 0.08 and a debt-to-equity ratio of 28.86.
Fairfax India Holdings Corporation, an investment holding company, engages in investment activities in India. The company invests in public and private equity securities and debt instruments in India and Indian businesses, or other businesses with customers, suppliers, or business primarily conducted in, or dependent on, India.
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