Royal Bank Of Canada Issues Positive Forecast for Fairfax Financial (TSE:FFH) Stock Price

Fairfax Financial (TSE:FFH) had its price target raised by Royal Bank Of Canada from C$2,234.00 to C$2,261.00 in a report issued on Monday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other analysts have also issued reports on the stock. ATB Cormark Capital Markets raised their price target on shares of Fairfax Financial from C$2,500.00 to C$2,600.00 and gave the stock a “sector perform” rating in a research report on Monday, February 23rd. Scotiabank increased their target price on shares of Fairfax Financial from C$3,050.00 to C$3,150.00 in a research note on Friday, January 30th. National Bank Financial set a C$3,200.00 target price on Fairfax Financial and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Finally, BMO Capital Markets downgraded Fairfax Financial from an “outperform” rating to a “hold” rating and decreased their target price for the stock from C$2,600.00 to C$2,500.00 in a research report on Thursday, January 22nd. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$2,751.38.

Fairfax Financial Trading Up 1.0%

Shares of Fairfax Financial stock opened at C$2,482.09 on Monday. Fairfax Financial has a 1 year low of C$2,022.50 and a 1 year high of C$2,700.00. The company’s fifty day simple moving average is C$2,348.58 and its 200-day simple moving average is C$2,382.61. The company has a market cap of C$53.24 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 0.27 and a beta of 0.33.

Fairfax Financial (TSE:FFH) last released its earnings results on Thursday, February 19th. The company reported C$79.02 EPS for the quarter. The firm had revenue of C$17.53 billion during the quarter. Fairfax Financial had a net margin of 15.70% and a return on equity of 18.62%. As a group, research analysts forecast that Fairfax Financial will post 212.3039807 earnings per share for the current fiscal year.

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.