Fairfax Financial (TSE:FFH) Stock Price Expected to Rise, CIBC Analyst Says

Fairfax Financial (TSE:FFH) had its price objective upped by CIBC from C$2,500.00 to C$2,700.00 in a note issued to investors on Friday,BayStreet.CA reports. CIBC’s price target indicates a potential upside of 22.98% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Raymond James set a C$2,600.00 price objective on shares of Fairfax Financial and gave the company an “outperform” rating in a research report on Friday, April 11th. Scotiabank boosted their price target on Fairfax Financial from C$2,400.00 to C$2,500.00 and gave the company a “sector perform” rating in a report on Thursday, April 24th. Cormark increased their price objective on Fairfax Financial from C$2,125.00 to C$2,250.00 in a report on Tuesday, February 18th. Finally, National Bankshares boosted their target price on 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. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$2,339.29.

Fairfax Financial Stock Performance

TSE FFH opened at C$2,195.41 on Friday. The stock has a market cap of C$35.21 billion, a price-to-earnings ratio of 8.41, a PEG ratio of 0.27 and a beta of 0.83. The business has a 50 day simple moving average of C$2,034.19 and a 200 day simple moving average of C$1,974.96. Fairfax Financial has a 52-week low of C$1,425.00 and a 52-week high of C$2,205.00.

Insider Buying and Selling

In other Fairfax Financial news, Director Jonathan Godown sold 50 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of C$1,989.23, for a total value of C$99,461.43. Also, Director Brian Johnston Porter acquired 100 shares of the stock in a transaction dated Tuesday, February 18th. The shares were purchased at an average price of C$2,104.88 per share, for a total transaction of C$210,488.00. Over the last quarter, insiders have sold 6,692 shares of company stock worth $13,277,605. Corporate insiders own 3.76% of the company’s stock.

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.