Fairfax Financial (TSE:FFH) Reaches New 52-Week High – Here’s Why

Shares of Fairfax Financial Holdings Limited (TSE:FFH) reached a new 52-week high on Monday . The stock traded as high as C$2,252.93 and last traded at C$2,213.48, with a volume of 2568 shares trading hands. The stock had previously closed at C$2,199.35.

Wall Street Analyst Weigh In

Several analysts have weighed in on FFH shares. National Bankshares boosted their target price on shares of Fairfax Financial from C$2,600.00 to C$2,700.00 and gave the company an “outperform” rating in a research note on Wednesday, April 30th. Cormark boosted 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. Scotiabank boosted their target price on shares of Fairfax Financial from C$2,400.00 to C$2,500.00 and gave the company a “sector perform” rating in a research note on Thursday, April 24th. CIBC boosted their target price on shares of Fairfax Financial from C$2,500.00 to C$2,700.00 in a research note on Friday, May 2nd. Finally, Raymond James set a C$2,600.00 price target on shares of Fairfax Financial and gave the stock an “outperform” rating in a research report on Friday, April 11th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$2,446.43.

Fairfax Financial Stock Performance

The company has a market capitalization of C$35.53 billion, a price-to-earnings ratio of 8.48, a P/E/G ratio of 0.27 and a beta of 0.83. The stock’s fifty day simple moving average is C$2,055.61 and its two-hundred day simple moving average is C$1,995.37.

Insider Buying and Selling at Fairfax Financial

In other Fairfax Financial news, insider Andrew Barnard sold 2,305 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of C$2,056.06, for a total transaction of C$4,739,220.14. Also, Director Brian David Young sold 3,337 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of C$1,934.05, for a total value of C$6,453,923.52. In the last three months, insiders sold 6,792 shares of company stock valued at $13,498,692. 3.76% of the stock is owned by 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.