CIBC Lowers Fairfax Financial Holdings Ltd (FFH) Price Target to C$625.00
Fairfax Financial Holdings Ltd (TSE:FFH) had its price objective lowered by stock analysts at CIBC from C$650.00 to C$625.00 in a research report issued on Friday. CIBC’s target price suggests a potential upside of 1.55% from the company’s current price.
Several other equities research analysts have also issued reports on FFH. BMO Capital Markets dropped their price target on Fairfax Financial Holdings from C$700.00 to C$670.00 and set a “market perform” rating on the stock in a research report on Friday, August 25th. Fairfax Financial Holdings Ltd. upped their price target on Fairfax Financial Holdings from C$525.00 to C$550.00 and gave the company an “outperform” rating in a research report on Wednesday, August 16th. Finally, Royal Bank Of Canada upped their price target on Fairfax Financial Holdings from C$525.00 to C$550.00 and gave the company an “outperform” rating in a research report on Tuesday, August 8th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of C$598.75.
Fairfax Financial Holdings (FFH) traded down 2.93% during mid-day trading on Friday, reaching $597.41. 64,246 shares of the company’s stock were exchanged. Fairfax Financial Holdings has a 52 week low of $547.95 and a 52 week high of $777.45. The company’s 50 day moving average price is $605.14 and its 200-day moving average price is $601.42. The company’s market capitalization is $13.77 billion.
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In related news, Director Michael Wacek bought 499 shares of the company’s stock in a transaction on Monday, June 26th. The shares were purchased at an average cost of C$420.00 per share, with a total value of C$209,580.00. Also, Director F. Brian Bradstreet bought 1,000 shares of the company’s stock in a transaction on Friday, June 16th. The stock was bought at an average cost of C$562.42 per share, for a total transaction of C$562,420.00.
About Fairfax Financial Holdings
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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