BMO Capital Markets Lowers Fairfax Financial (TSE:FFH) Price Target to C$2,600.00

Fairfax Financial (TSE:FFH) had its target price reduced by investment analysts at BMO Capital Markets from C$2,700.00 to C$2,600.00 in a research note issued on Monday,BayStreet.CA reports. BMO Capital Markets’ price target points to a potential upside of 17.97% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. Cormark downgraded shares of Fairfax Financial from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, August 6th. Royal Bank Of Canada upped their target price on 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. Raymond James Financial dropped their price target on shares of Fairfax Financial from C$3,050.00 to C$2,900.00 in a research report on Monday. Scotiabank upped their price target on shares of Fairfax Financial from C$2,900.00 to C$3,050.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Finally, National Bankshares lifted their target price on shares of Fairfax Financial from C$3,000.00 to C$3,200.00 and gave the stock an “outperform” rating in a research note on Monday, October 27th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$2,764.29.

Fairfax Financial Stock Performance

Fairfax Financial stock opened at C$2,203.96 on Monday. Fairfax Financial has a fifty-two week low of C$1,836.92 and a fifty-two week high of C$2,522.33. The company has a market capitalization of C$48.77 billion, a PE ratio of 10.98, a P/E/G ratio of 0.27 and a beta of 0.45. The company has a 50 day moving average price of C$2,367.95 and a 200-day moving average price of C$2,361.21.

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.