Fairfax Financial (TSE:FFH) Price Target Raised to C$2,125.00

Fairfax Financial (TSE:FFH) had its price objective raised by Cormark from C$1,800.00 to C$2,125.00 in a research note issued to investors on Monday morning,BayStreet.CA reports. Cormark also issued estimates for Fairfax Financial’s FY2024 earnings at $204.92 EPS, FY2025 earnings at $234.01 EPS and FY2026 earnings at $268.91 EPS.

Several other brokerages have also recently weighed in on FFH. Scotiabank boosted their price target on shares of Fairfax Financial from C$2,100.00 to C$2,200.00 in a research report on Monday. National Bankshares lifted their target price on shares of Fairfax Financial from C$2,100.00 to C$2,200.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Royal Bank of Canada increased their price target 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.

Fairfax Financial Stock Performance

Shares of Fairfax Financial stock opened at C$1,821.43 on Monday. The business’s 50 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 market cap of C$42.46 billion, a price-to-earnings ratio of 8.12, a PEG ratio of 0.27 and a beta of 0.83. The company has a debt-to-equity ratio of 40.13, a quick ratio of 0.93 and a current ratio of 3.75. Fairfax Financial has a one year low of C$1,171.70 and a one year high of C$1,890.36.

Insider Activity at Fairfax Financial

In other Fairfax Financial news, Director David Lloyd Johnston sold 39 shares of the 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 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 value of C$70,949.19. Also, Senior Officer Olivier Elie Quesnel sold 173 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of C$1,566.13, for a total transaction of C$270,940.49. Following the transaction, the insider now directly owns 202 shares of the company’s stock, valued at C$316,358.26. The trade was a 0.00 % decrease in their position. In the last ninety days, insiders have sold 6,992 shares of company stock worth $11,375,125. Company insiders own 3.76% of the company’s stock.

About Fairfax Financial

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.