Cormark Forecasts Strong Price Appreciation for Fairfax Financial (TSE:FFH) Stock

Fairfax Financial (TSE:FFH) had its target price hoisted by analysts at Cormark from C$1,800.00 to C$2,125.00 in a research report issued on Monday, BayStreet.CA reports. Cormark’s price objective points to a potential upside of 16.59% from the stock’s previous close.

A number of other brokerages have also commented on FFH. Scotiabank boosted their price objective on shares of Fairfax Financial from C$2,100.00 to C$2,200.00 in a report on Monday. National Bankshares increased 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 report on Wednesday, October 30th. Finally, Royal Bank of Canada lifted their price objective on Fairfax Financial from C$1,325.00 to C$1,425.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd.

Fairfax Financial Stock Up 0.4 %

Shares of TSE:FFH opened at C$1,822.67 on Monday. The company has a market capitalization of C$42.49 billion, a price-to-earnings ratio of 8.12, a price-to-earnings-growth ratio of 0.27 and a beta of 0.83. The company has a 50 day moving average of C$1,692.24 and a two-hundred day moving average of C$1,592.49. Fairfax Financial has a 52-week low of C$1,171.70 and a 52-week high of C$1,890.36. The company has a quick ratio of 0.93, a current ratio of 3.75 and a debt-to-equity ratio of 40.13.

Insider Transactions at Fairfax Financial

In other news, Senior Officer Olivier Elie Quesnel sold 173 shares of Fairfax Financial stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of C$1,566.13, for a total value of C$270,940.49. Following the completion of the transaction, the insider now owns 202 shares in the company, valued at approximately C$316,358.26. This trade represents a 0.00 % decrease in their position. In related news, Director Brian David Young sold 4,280 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of C$1,617.96, for a total transaction of C$6,924,875.22. Also, Senior Officer Olivier Elie Quesnel sold 173 shares of Fairfax Financial 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 value 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. The trade was a 0.00 % decrease in their ownership of the stock. Over the last 90 days, insiders have sold 6,953 shares of company stock valued at $11,304,176. 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.