Fairfax Financial (TSE:FFH) Shares Cross Above 50-Day Moving Average – Here’s Why

Fairfax Financial Holdings Limited (TSE:FFH) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$2,007.91 and traded as high as C$2,048.29. Fairfax Financial shares last traded at C$2,045.60, with a volume of 41,312 shares.

Wall Street Analyst Weigh In

FFH has been the subject of several recent analyst reports. CIBC raised their price target on Fairfax Financial from C$2,200.00 to C$2,400.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Cormark increased their target price on Fairfax Financial from C$2,125.00 to C$2,250.00 in a report on Tuesday, February 18th.

Fairfax Financial Price Performance

The company has a market cap of C$32.81 billion, a PE ratio of 7.83, a P/E/G ratio of 0.27 and a beta of 0.83. The company has a 50-day moving average price of C$2,007.91 and a two-hundred day moving average price of C$1,858.57.

Insiders Place Their Bets

In related news, Director Brian Johnston Porter purchased 100 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average price of C$2,104.88 per share, with a total value of C$210,488.00. Insiders acquired a total of 111 shares of company stock valued at $232,454 over the last 90 days. 3.76% of the stock is owned by company 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.