Fairfax Financial Holdings Ltd (FFH) Price Target Raised to C$550.00 at Royal Bank Of Canada
Fairfax Financial Holdings Ltd (TSE:FFH) had its price target upped by analysts at Royal Bank Of Canada from C$525.00 to C$550.00 in a research report issued on Tuesday. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price would suggest a potential downside of 10.31% from the stock’s current price.
Separately, CIBC raised Fairfax Financial Holdings from an “underperform” rating to a “neutral” rating and set a C$600.00 price target for the company in a research note on Monday, July 24th.
Shares of Fairfax Financial Holdings (TSE:FFH) traded down 1.87% during mid-day trading on Tuesday, hitting $601.76. The stock had a trading volume of 44,763 shares. Fairfax Financial Holdings has a 1-year low of $547.95 and a 1-year high of $777.45. The stock’s 50-day moving average price is $570.01 and its 200 day moving average price is $602.13. The company’s market capitalization is $13.88 billion.
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In related news, Director Michael Wacek purchased 499 shares of the firm’s stock in a transaction dated Monday, June 26th. The stock was bought at an average price of C$420.00 per share, with a total value of C$209,580.00. Also, Director F. Brian Bradstreet purchased 1,000 shares of the firm’s stock in a transaction dated Friday, June 16th. The stock was bought at an average cost of C$562.42 per share, with a total value of C$562,420.00.
Fairfax Financial Holdings 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. It operates through Insurance and Reinsurance, Runoff, and Other segments. The company also underwrites specialty insurance and reinsurance; develops, produces, markets, and distributes television programs; and owns and operates premium dining restaurants and holiday resorts.
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