Fairfax Financial (TSE:FFH) Given New C$2,500.00 Price Target at BMO Capital Markets

Fairfax Financial (TSE:FFH) had its price objective raised by BMO Capital Markets from C$2,400.00 to C$2,500.00 in a report issued on Monday,BayStreet.CA reports.

Other analysts also recently issued reports about the company. Raymond James set a C$2,600.00 price target on Fairfax Financial and gave the company an “outperform” rating in a research report on Friday, April 11th. Cormark raised their target price on Fairfax Financial from C$2,250.00 to C$2,700.00 in a research report on Monday. National Bankshares lifted their target price on Fairfax Financial from C$2,600.00 to C$2,700.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. Scotiabank increased their price target 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 report on Thursday, April 24th. Finally, CIBC lifted their price objective on shares of Fairfax Financial from C$2,500.00 to C$2,700.00 in a research report on Friday. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$2,446.43.

Fairfax Financial Stock Performance

Fairfax Financial stock opened at C$2,188.89 on Monday. The stock has a market cap of C$35.11 billion, a PE ratio of 8.38, a price-to-earnings-growth ratio of 0.27 and a beta of 0.83. Fairfax Financial has a fifty-two week low of C$1,425.00 and a fifty-two week high of C$2,220.00. The firm’s 50-day simple moving average is C$2,037.02 and its 200 day simple moving average is C$1,977.96.

Insiders Place Their Bets

In other news, Director Brian David Young sold 3,337 shares of the firm’s stock in a transaction on 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. Also, insider Andrew Barnard sold 2,305 shares of the business’s stock in a transaction on 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 sold 6,692 shares of company stock worth $13,277,605 over the last quarter. 3.76% of the stock is currently owned by company 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.