Fairfax Financial (TSE:FFH) Sets New 1-Year High on Analyst Upgrade

Shares of Fairfax Financial Holdings Limited (TSE:FFH) reached a new 52-week high on Monday after BMO Capital Markets raised their price target on the stock from C$1,850.00 to C$2,200.00. The stock traded as high as C$1,890.36 and last traded at C$1,890.36, with a volume of 1890 shares trading hands. The stock had previously closed at C$1,888.04.

A number of other equities analysts have also recently issued reports on FFH. Scotiabank raised their target price on shares of Fairfax Financial from C$2,100.00 to C$2,200.00 in a report on Monday. National Bankshares raised their price target on Fairfax Financial from C$2,100.00 to C$2,200.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Royal Bank of Canada boosted their price objective on Fairfax Financial from C$1,325.00 to C$1,425.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Finally, Cormark boosted their price target on shares of Fairfax Financial from C$1,800.00 to C$2,125.00 in a report on Monday.

Insider Activity at Fairfax Financial

In other Fairfax Financial news, Senior Officer Peter Clarke sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of C$1,646.93, for a total transaction of C$3,293,860.00. Following the transaction, the insider now owns 632 shares of the company’s stock, valued at approximately C$1,040,859.76. This trade represents a 0.00 % decrease in their position. In related news, Senior Officer Peter Clarke sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of C$1,646.93, for a total transaction of C$3,293,860.00. Following the completion of the transaction, the insider now owns 632 shares of the company’s stock, valued at C$1,040,859.76. This trade represents a 0.00 % decrease in their ownership of the stock. Also, Senior Officer Olivier Elie Quesnel sold 173 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of C$1,566.13, for a total transaction of C$270,940.49. Following the completion of the sale, the insider now owns 202 shares in the company, valued at approximately C$316,358.26. This trade represents a 0.00 % decrease in their ownership of the stock. Insiders have sold a total of 6,953 shares of company stock worth $11,304,176 in the last three months. 3.76% of the stock is owned by company insiders.

Fairfax Financial Trading Up 0.4 %

The company has a current ratio of 3.75, a quick ratio of 0.93 and a debt-to-equity ratio of 40.13. The stock has a market cap of C$42.49 billion, a price-to-earnings ratio of 8.12, a P/E/G ratio of 0.27 and a beta of 0.83. The company has a fifty day simple moving average of C$1,692.24 and a 200-day simple moving average of C$1,592.49.

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.