Fairfax Financial (TSE:FFH) Stock Price Expected to Rise, Scotiabank Analyst Says

Fairfax Financial (TSE:FFH) had its price objective boosted by Scotiabank from C$2,100.00 to C$2,200.00 in a research report released on Monday morning,BayStreet.CA reports.

A number of other analysts have also weighed in on the stock. Royal Bank of Canada raised their price objective on shares of Fairfax Financial from C$1,325.00 to C$1,425.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. National Bankshares increased their price target on shares of Fairfax Financial from C$2,100.00 to C$2,200.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th.

Fairfax Financial Trading Up 0.6 %

TSE FFH opened at C$1,821.43 on Monday. The stock’s fifty day moving average price is C$1,696.45 and its 200-day moving average price is C$1,594.71. The company has a current ratio of 3.75, a quick ratio of 0.93 and a debt-to-equity ratio of 40.13. The stock has a market cap of C$42.46 billion, a P/E ratio of 8.12, a P/E/G ratio of 0.27 and a beta of 0.83. Fairfax Financial has a 12 month low of C$1,171.70 and a 12 month high of C$1,890.36.

Insider Buying and Selling at Fairfax Financial

In other news, Director David Lloyd Johnston sold 39 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of C$1,819.21, for a total transaction of C$70,949.19. In other Fairfax Financial news, Senior Officer Olivier Elie Quesnel sold 173 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of C$1,566.13, for a total value of C$270,940.49. Following the transaction, the insider now directly owns 202 shares of the company’s stock, valued at approximately C$316,358.26. This trade represents a 0.00 % decrease in their ownership of the stock. Also, Director David Lloyd Johnston sold 39 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of C$1,819.21, for a total transaction of C$70,949.19. In the last 90 days, insiders have sold 6,992 shares of company stock worth $11,375,125. Company 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.