Cormark Issues Positive Forecast for Fairfax Financial (TSE:FFH) Stock Price

Fairfax Financial (TSE:FFH) had its price target upped by investment analysts at Cormark from C$2,125.00 to C$2,250.00 in a report released on Tuesday,BayStreet.CA reports. Cormark’s price objective would indicate a potential upside of 6.94% from the company’s previous close.

A number of other research analysts have also issued reports on FFH. CIBC boosted their target price on shares of Fairfax Financial from C$2,200.00 to C$2,400.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. National Bankshares upped their price target on shares of Fairfax Financial from C$2,100.00 to C$2,200.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Scotiabank upped their price target on shares of Fairfax Financial from C$2,100.00 to C$2,200.00 in a research note on Monday, November 4th. Finally, BMO Capital Markets upped their price target on shares of Fairfax Financial from C$1,850.00 to C$2,200.00 in a research note on Monday, November 4th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$2,112.50.

Fairfax Financial Price Performance

Shares of TSE:FFH traded up C$33.84 during trading on Tuesday, reaching C$2,104.03. 33,260 shares of the company’s stock traded hands, compared to its average volume of 77,292. Fairfax Financial has a 12 month low of C$1,343.50 and a 12 month high of C$2,119.64. The company has a 50 day moving average of C$1,993.11 and a 200-day moving average of C$1,812.15. The stock has a market capitalization of C$33.75 billion, a P/E ratio of 8.06, a price-to-earnings-growth ratio of 0.27 and a beta of 0.83.

Insider Activity

In other Fairfax Financial news, Director F. Brian Bradstreet sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of C$1,971.00, for a total value of C$2,956,500.00. Also, Director R. William Mcfarland sold 4,800 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of C$25.21, for a total transaction of C$121,008.00. Insiders have sold 6,313 shares of company stock worth $3,103,234 over the last 90 days. 3.76% of the stock is owned by company insiders.

Fairfax Financial Company Profile

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.