Fairfax Financial (TSE:FFH) Shares Up 0.5% – What’s Next?

Fairfax Financial Holdings Limited (TSE:FFH)’s share price shot up 0.5% during trading on Friday . The stock traded as high as C$2,051.71 and last traded at C$2,050.42. 4,706 shares changed hands during trading, a decline of 93% from the average session volume of 72,199 shares. The stock had previously closed at C$2,039.99.

Wall Street Analysts Forecast Growth

FFH has been the subject of several research analyst reports. BMO Capital Markets lifted their price objective on Fairfax Financial from C$1,850.00 to C$2,200.00 in a report on Monday, November 4th. Scotiabank lifted their price target on shares of Fairfax Financial from C$2,100.00 to C$2,200.00 in a research note on Monday, November 4th. CIBC increased their price objective on shares of Fairfax Financial from C$2,200.00 to C$2,400.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Finally, Cormark lifted their target price on shares of Fairfax Financial from C$2,125.00 to C$2,250.00 in a research report on Tuesday, February 18th.

Fairfax Financial Stock Performance

The company’s 50-day moving average price is C$2,003.29 and its 200 day moving average price is C$1,841.27. The stock has a market cap of C$33.36 billion, a PE ratio of 7.96, a price-to-earnings-growth ratio of 0.27 and a beta of 0.83.

Insider Buying and Selling at Fairfax Financial

In other Fairfax Financial news, Director R. William Mcfarland sold 4,800 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of C$25.21, for a total transaction of C$121,008.00. Also, Director Brian Johnston Porter purchased 100 shares of Fairfax Financial stock in a transaction on Tuesday, February 18th. The stock was bought at an average price of C$2,104.88 per share, with a total value of C$210,488.00. Over the last ninety days, insiders acquired 111 shares of company stock valued at $232,454. 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.