Fairfax Financial (TSE:FFH) Hits New 52-Week High – Here’s Why

Fairfax Financial Holdings Limited (TSE:FFH) hit a new 52-week high on Friday . The stock traded as high as C$2,104.52 and last traded at C$2,104.52, with a volume of 24821 shares changing hands. The stock had previously closed at C$2,000.00.

Analyst Upgrades and Downgrades

Several analysts have recently commented on FFH shares. CIBC raised their target price on 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. National Bankshares raised their price objective on Fairfax Financial from C$2,100.00 to C$2,200.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Scotiabank upped their target price on Fairfax Financial from C$2,100.00 to C$2,200.00 in a research report on Monday, November 4th. BMO Capital Markets lifted their price target on shares of Fairfax Financial from C$1,850.00 to C$2,200.00 in a research report on Monday, November 4th. Finally, Cormark upped their price objective on shares of Fairfax Financial from C$1,800.00 to C$2,125.00 in a report on Monday, November 4th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$2,091.67.

Fairfax Financial Stock Up 4.9 %

The company has a market cap of C$33.67 billion, a PE ratio of 8.04, a PEG ratio of 0.27 and a beta of 0.83. The company has a 50-day moving average of C$1,992.01 and a 200-day moving average of C$1,804.09.

Insider Transactions at Fairfax Financial

In other news, Director R. William Mcfarland sold 4,800 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of C$25.21, for a total value of C$121,008.00. Also, Director David Lloyd Johnston sold 13 shares of the stock in a transaction that occurred on Thursday, November 28th. The shares were sold at an average price of C$1,978.89, for a total value of C$25,725.57. Insiders sold a total of 6,313 shares of company stock worth $3,103,234 in the last quarter. 3.76% of the stock is currently owned by corporate insiders.

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.