Fairfax Financial (TSE:FFH – Get Free Report) was upgraded by stock analysts at Royal Bank Of Canada to a “moderate buy” rating in a research report issued on Wednesday, Marketbeat reports. The firm presently has a C$2,050.00 price target on the stock. Royal Bank Of Canada’s target price would indicate a potential downside of 15.14% from the company’s current price.
A number of other equities analysts have also recently commented on the stock. Raymond James Financial set a C$2,600.00 target price on shares of Fairfax Financial and gave the company an “outperform” rating in a report on Friday, April 11th. CIBC upped their price objective on Fairfax Financial from C$2,500.00 to C$2,700.00 in a research note on Friday, May 2nd. Scotiabank boosted their target price 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. BMO Capital Markets lifted their price objective on shares of Fairfax Financial from C$2,400.00 to C$2,500.00 in a research report on Monday, May 5th. Finally, Cormark raised their target price on shares of Fairfax Financial from C$2,250.00 to C$2,700.00 in a research note on Monday, May 5th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$2,535.71.
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Fairfax Financial Stock Performance
Insider Buying and Selling at Fairfax Financial
In other Fairfax Financial news, Director F. Brian Bradstreet sold 200 shares of Fairfax Financial stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of C$2,279.00, for a total transaction of C$455,800.00. Also, Director Roger Lace sold 100 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of C$2,210.87, for a total transaction of C$221,087.00. Over the last three months, insiders sold 1,427 shares of company stock valued at $3,244,167. 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.
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