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Fairfax Financial (TSE:FFH) Trading 0.5% Higher - Should You Buy?


Fairfax Financial (TSE:FFH) Trading 0.5% Higher   - Should You Buy?

Shares of Fairfax Financial Holdings Limited (TSE:FFH - Get Free Report) rose 0.5% on Friday . The company traded as high as C$2,051.71 and last traded at C$2,050.42. 4,706 shares changed hands during trading, a decline of 93% from the average daily volume of 72,199 shares. The stock had previously closed at C$2,039.99.

A number of equities analysts have commented on FFH shares. Cormark boosted their target price on shares of Fairfax Financial from C$2,125.00 to C$2,250.00 in a report on Tuesday, February 18th. Scotiabank boosted their price objective on shares of Fairfax Financial from C$2,100.00 to C$2,200.00 in a research note on Monday, November 4th. CIBC raised 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. Finally, BMO Capital Markets upped their price target on Fairfax Financial from C$1,850.00 to C$2,200.00 in a research report on Monday, November 4th.

Get Our Latest Stock Analysis on Fairfax Financial

The stock's 50 day simple moving average is C$2,001.65 and its 200-day simple moving average is C$1,836.30. The firm has a market cap of C$33.36 billion, a price-to-earnings ratio of 7.96, a price-to-earnings-growth ratio of 0.27 and a beta of 0.83.

In other Fairfax Financial news, Director R. William Mcfarland sold 4,800 shares of the company's stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of C$25.21, for a total value of C$121,008.00. Also, Director Brian Johnston Porter acquired 100 shares of Fairfax Financial stock in a transaction on Tuesday, February 18th. The shares were bought at an average price of C$2,104.88 per share, with a total value of C$210,488.00. Over the last three months, insiders have bought 111 shares of company stock valued at $232,454. Company insiders own 3.76% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

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