Fairfax Financial Holdings Limited (TSE:FFH) Given Consensus Recommendation of “Moderate Buy” by Analysts

Fairfax Financial Holdings Limited (TSE:FFH) has been assigned an average rating of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$2,742.86.

Several brokerages have weighed in on FFH. BMO Capital Markets boosted their price objective on Fairfax Financial from C$2,500.00 to C$2,800.00 in a research note on Friday, July 11th. Cormark downgraded Fairfax Financial from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, August 6th. Raymond James Financial lifted their price objective on shares of Fairfax Financial from C$2,600.00 to C$2,900.00 and gave the stock an “outperform” rating in a research note on Monday, July 7th. Royal Bank Of Canada boosted their price objective on shares of Fairfax Financial from C$2,050.00 to C$2,200.00 and gave the company an “outperform” rating in a research report on Tuesday, August 5th. Finally, National Bankshares raised their target price on shares of Fairfax Financial from C$2,700.00 to C$3,000.00 and gave the stock an “outperform” rating in a report on Tuesday, July 29th.

Fairfax Financial Stock Up 0.7%

Fairfax Financial stock opened at C$2,434.80 on Friday. Fairfax Financial has a 52-week low of C$1,656.15 and a 52-week high of C$2,521.95. The firm’s fifty day moving average is C$2,403.64 and its 200 day moving average is C$2,290.87. The company has a market cap of C$54.15 billion, a price-to-earnings ratio of 12.37, a PEG ratio of 0.27 and a beta of 0.53.

About Fairfax Financial

Fairfax Financial is a holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and the associated investment management.