Fairfax Financial (TSE:FFH) PT Set at C$2,600.00 by Raymond James

Fairfax Financial (TSE:FFH) has been assigned a C$2,600.00 price target by investment analysts at Raymond James in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ target price would indicate a potential upside of 30.65% from the company’s current price.

Several other brokerages have also commented on FFH. Cormark increased their price objective on shares of Fairfax Financial from C$2,125.00 to C$2,250.00 in a research report on Tuesday, February 18th. CIBC lifted their price objective on shares of Fairfax Financial from C$2,400.00 to C$2,500.00 in a research note on Monday, March 10th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat, Fairfax Financial has a consensus rating of “Buy” and an average target price of C$2,196.43.

Fairfax Financial Stock Up 2.8 %

TSE FFH opened at C$1,990.02 on Friday. Fairfax Financial has a 52 week low of C$1,425.00 and a 52 week high of C$2,153.96. The company has a 50 day moving average price of C$2,015.57 and a 200 day moving average price of C$1,931.69. The firm has a market cap of C$31.92 billion, a PE ratio of 7.62, a price-to-earnings-growth ratio of 0.27 and a beta of 0.83.

Insider Transactions at Fairfax Financial

In other Fairfax Financial news, Director Brian David Young sold 3,337 shares of the stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of C$1,934.05, for a total transaction of C$6,453,923.52. Also, insider Andrew Barnard sold 2,305 shares of Fairfax Financial stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of C$2,056.06, for a total value of C$4,739,220.14. Insiders have sold 6,642 shares of company stock worth $13,178,144 over the last 90 days. 3.76% of the stock is currently owned by company insiders.

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.