Fairfax Financial Holdings Limited (TSE:FFH) Receives C$2,743.75 Average Price Target from Brokerages

Shares of Fairfax Financial Holdings Limited (TSE:FFH) have received a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$2,743.75.

A number of research firms recently weighed in on FFH. National Bank Financial set a C$3,200.00 price target on shares of Fairfax Financial and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Scotiabank lifted their target price on shares of Fairfax Financial from C$3,050.00 to C$3,150.00 in a research report on Friday, January 30th. ATB Cormark Capital Markets boosted their target price on Fairfax Financial from C$2,500.00 to C$2,600.00 and gave the stock a “sector perform” rating in a research note on Monday, February 23rd. Royal Bank Of Canada set a C$2,200.00 target price on Fairfax Financial and gave the company an “outperform” rating in a report on Monday, January 26th. Finally, BMO Capital Markets downgraded Fairfax Financial from an “outperform” rating to a “hold” rating and decreased their price target for the company from C$2,600.00 to C$2,500.00 in a research report on Thursday, January 22nd.

Fairfax Financial Stock Down 0.1%

Shares of FFH opened at C$2,335.21 on Friday. The business’s fifty day moving average is C$2,323.21 and its 200 day moving average is C$2,386.97. Fairfax Financial has a 12-month low of C$1,836.92 and a 12-month high of C$2,700.00. The stock has a market cap of C$50.09 billion, a P/E ratio of 10.92, a P/E/G ratio of 0.27 and a beta of 0.39.

Fairfax Financial (TSE:FFH) last posted its earnings results on Thursday, February 19th. The company reported C$79.02 earnings per share for the quarter. The company had revenue of C$17.53 billion for the quarter. Fairfax Financial had a net margin of 15.70% and a return on equity of 18.62%. On average, analysts expect that Fairfax Financial will post 212.3039807 EPS for the current year.

About Fairfax Financial

Fairfax Financial is a holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and the associated investment management.