Royal Bank of Canada Forecasts Strong Price Appreciation for Fairfax Financial (OTCMKTS:FRFHF) Stock

Fairfax Financial (OTCMKTS:FRFHF) had its price target lifted by investment analysts at Royal Bank of Canada from $1,425.00 to $1,500.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Royal Bank of Canada’s target price would suggest a potential upside of 13.90% from the stock’s current price.

Fairfax Financial Trading Up 1.0 %

Fairfax Financial stock opened at $1,317.00 on Monday. The stock has a market cap of $30.58 billion, a P/E ratio of 8.06 and a beta of 0.79. Fairfax Financial has a fifty-two week low of $868.00 and a fifty-two week high of $1,356.00. The firm’s fifty day moving average price is $1,245.24 and its 200-day moving average price is $1,169.92. The company has a debt-to-equity ratio of 0.42, a quick ratio of 4.09 and a current ratio of 4.09.

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.