Fairfax Financial (TSE:FFH) Price Target Raised to C$2,125.00 at Cormark

Fairfax Financial (TSE:FFH) had its target price boosted by equities researchers at Cormark from C$1,800.00 to C$2,125.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. Cormark’s price target suggests a potential upside of 16.59% from the company’s previous close.

Several other brokerages also recently commented on FFH. National Bankshares upped their target price on Fairfax Financial from C$2,100.00 to C$2,200.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Royal Bank of Canada upped their price objective on shares of Fairfax Financial from C$1,325.00 to C$1,425.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Finally, Scotiabank raised their target price on Fairfax Financial from C$2,100.00 to C$2,200.00 in a research report on Monday.

Fairfax Financial Trading Up 0.4 %

Shares of TSE:FFH opened at C$1,822.67 on Monday. Fairfax Financial has a 1-year low of C$1,171.70 and a 1-year high of C$1,890.36. The company has a 50 day moving average price of C$1,692.24 and a 200 day moving average price of C$1,592.49. The stock has a market capitalization of C$42.49 billion, a price-to-earnings ratio of 8.12, a PEG ratio of 0.27 and a beta of 0.83. The company has a debt-to-equity ratio of 40.13, a quick ratio of 0.93 and a current ratio of 3.75.

Insiders Place Their Bets

In related news, Senior Officer Peter Clarke sold 2,000 shares of the firm’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of C$1,646.93, for a total transaction of C$3,293,860.00. Following the sale, the insider now owns 632 shares of the company’s stock, valued at approximately C$1,040,859.76. This trade represents a 0.00 % decrease in their position. In other Fairfax Financial news, Senior Officer Peter Clarke sold 2,000 shares of Fairfax Financial stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of C$1,646.93, for a total transaction of C$3,293,860.00. Following the completion of the transaction, the insider now directly owns 632 shares of the company’s stock, valued at C$1,040,859.76. The trade was a 0.00 % decrease in their ownership of the stock. Also, Director F. Brian Bradstreet sold 500 shares of Fairfax Financial stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of C$1,629.00, for a total value of C$814,500.00. In the last 90 days, insiders sold 6,953 shares of company stock valued at $11,304,176. Company insiders own 3.76% of the company’s stock.

About Fairfax Financial

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.