Fairfax Financial (TSE:FFH) Given New C$1,600.00 Price Target at Cormark

Fairfax Financial (TSE:FFH) had its price target hoisted by Cormark from C$1,500.00 to C$1,600.00 in a research note issued to investors on Tuesday, BayStreet.CA reports.

Several other equities research analysts also recently weighed in on the company. CIBC upped their price target on Fairfax Financial from C$1,400.00 to C$1,500.00 and gave the stock an outperform rating in a report on Thursday, October 26th. Scotiabank raised their target price on shares of Fairfax Financial from C$1,500.00 to C$1,650.00 and gave the company an outperform rating in a report on Monday. BMO Capital Markets lifted their price target on shares of Fairfax Financial from C$1,400.00 to C$1,500.00 and gave the stock an outperform rating in a research note on Monday. National Bankshares increased their price objective on shares of Fairfax Financial from C$1,700.00 to C$1,800.00 and gave the company an outperform rating in a research report on Wednesday, November 1st. Finally, Royal Bank of Canada lifted their price objective on shares of Fairfax Financial from C$980.00 to C$1,020.00 and gave the stock an outperform rating in a research report on Monday. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of Buy and an average target price of C$1,511.67.

Fairfax Financial Stock Down 2.2 %

Fairfax Financial stock opened at C$1,225.23 on Tuesday. The firm has a market capitalization of C$29.83 billion, a P/E ratio of 7.20, a P/E/G ratio of 0.27 and a beta of 0.87. The company has a current ratio of 3.36, a quick ratio of 0.93 and a debt-to-equity ratio of 33.72. Fairfax Financial has a twelve month low of C$705.47 and a twelve month high of C$1,271.05. The stock’s fifty day simple moving average is C$1,136.67 and its 200-day simple moving average is C$1,051.12.

Insider Transactions at Fairfax Financial

In related news, insider Andrew Barnard sold 100 shares of the stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of C$842.00, for a total value of C$84,200.00. In related news, insider Andrew Barnard sold 100 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of C$842.00, for a total value of C$84,200.00. Also, Director Brian Johnson Porter acquired 250 shares of the company’s stock in a transaction on Monday, November 6th. The shares were purchased at an average cost of C$1,265.00 per share, for a total transaction of C$316,250.00. Following the acquisition, the director now owns 850 shares of the company’s stock, valued at approximately C$1,075,250. Insiders own 3.61% of the company’s stock.

Fairfax Financial Company Profile

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.