Fairfax Financial (TSE:FFH) Stock Price Expected to Rise, Scotiabank Analyst Says

Fairfax Financial (TSE:FFH) had its price target increased by equities researchers at Scotiabank from C$2,100.00 to C$2,200.00 in a research note issued to investors on Monday, BayStreet.CA reports. Scotiabank’s price objective would indicate a potential upside of 20.70% from the company’s current price.

FFH has been the subject of a number of other reports. National Bankshares upped their price target on Fairfax Financial from C$2,100.00 to C$2,200.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Royal Bank of Canada raised their target price on Fairfax Financial from C$1,325.00 to C$1,425.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd.

Fairfax Financial Trading Up 0.4 %

Shares of FFH opened at C$1,822.67 on Monday. The firm’s fifty day moving average is C$1,692.24 and its two-hundred day moving average is C$1,592.49. The stock has a market cap of C$42.49 billion, a PE ratio of 8.12, a price-to-earnings-growth ratio of 0.27 and a beta of 0.83. The company has a quick ratio of 0.93, a current ratio of 3.75 and a debt-to-equity ratio of 40.13. Fairfax Financial has a 52-week low of C$1,171.70 and a 52-week high of C$1,890.36.

Insiders Place Their Bets

In other news, Senior Officer Peter Clarke sold 2,000 shares of the company’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 value of C$3,293,860.00. Following the transaction, the insider now owns 632 shares of the company’s stock, valued at C$1,040,859.76. This represents a 0.00 % decrease in their position. In related news, Senior Officer Olivier Elie Quesnel sold 173 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of C$1,566.13, for a total transaction of C$270,940.49. Following the completion of the transaction, the insider now owns 202 shares of the company’s stock, valued at approximately C$316,358.26. This trade represents a 0.00 % decrease in their position. Also, Senior Officer Peter Clarke sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of C$1,646.93, for a total value of C$3,293,860.00. Following the completion of the sale, the insider now directly owns 632 shares in the company, valued at approximately C$1,040,859.76. The trade was a 0.00 % decrease in their position. Insiders sold a total of 6,953 shares of company stock valued at $11,304,176 over the last quarter. 3.76% of the stock is owned by 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.