Fairfax Financial (TSE:FFH) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Fairfax Financial (TSE:FFH) had its price target raised by analysts at BMO Capital Markets from C$2,400.00 to C$2,500.00 in a research note issued on Monday,BayStreet.CA reports. BMO Capital Markets’ price objective would suggest a potential upside of 13.90% from the stock’s previous close.

Several other research firms have also commented on FFH. Cormark upped their target price on Fairfax Financial from C$2,250.00 to C$2,700.00 in a report on Monday. Raymond James set a C$2,600.00 target price on Fairfax Financial and gave the stock an “outperform” rating in a research report on Friday, April 11th. CIBC boosted their price target on shares of Fairfax Financial from C$2,500.00 to C$2,700.00 in a report on Friday, May 2nd. Scotiabank upped their price target on shares of Fairfax Financial from C$2,400.00 to C$2,500.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 24th. Finally, National Bankshares lifted their price objective on shares of Fairfax Financial from C$2,600.00 to C$2,700.00 and gave the company an “outperform” rating in a research report on Wednesday, April 30th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$2,446.43.

Fairfax Financial Stock Performance

TSE FFH opened at C$2,194.96 on Monday. Fairfax Financial has a one year low of C$1,425.00 and a one year high of C$2,220.00. The company has a 50-day simple moving average of C$2,040.11 and a 200-day simple moving average of C$1,979.45. The firm has a market capitalization of C$35.21 billion, a PE ratio of 8.40, a price-to-earnings-growth ratio of 0.27 and a beta of 0.83.

Insider Activity

In other news, insider Andrew Barnard sold 2,305 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of C$2,056.06, for a total value of C$4,739,220.14. Also, Director Brian David Young sold 3,337 shares of the company’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of C$1,934.05, for a total value of C$6,453,923.52. Insiders sold 6,692 shares of company stock worth $13,277,605 over the last three months. Corporate insiders own 3.76% of the company’s stock.

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.