Fairfax Financial (TSE:FFH) Reaches New 52-Week High – Time to Buy?

Fairfax Financial Holdings Limited (TSE:FFH) reached a new 52-week high during mid-day trading on Friday . The company traded as high as C$2,104.52 and last traded at C$2,104.52, with a volume of 24821 shares traded. The stock had previously closed at C$2,000.00.

Analyst Upgrades and Downgrades

FFH has been the subject of a number of research reports. Cormark increased their target price on shares of Fairfax Financial from C$1,800.00 to C$2,125.00 in a research report on Monday, November 4th. CIBC increased their price objective on Fairfax Financial from C$2,200.00 to C$2,400.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. National Bankshares raised their target price on Fairfax Financial from C$2,100.00 to C$2,200.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. BMO Capital Markets upped their price target on Fairfax Financial from C$1,850.00 to C$2,200.00 in a research report on Monday, November 4th. Finally, Scotiabank lifted their price objective on Fairfax Financial from C$2,100.00 to C$2,200.00 in a report on Monday, November 4th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$2,091.67.

Fairfax Financial Price Performance

The stock has a market capitalization of C$33.20 billion, a P/E ratio of 7.93, a price-to-earnings-growth ratio of 0.27 and a beta of 0.83. The stock has a fifty day moving average price of C$1,992.74 and a 200 day moving average price of C$1,807.44.

Insiders Place Their Bets

In other Fairfax Financial news, Director R. William Mcfarland sold 4,800 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of C$25.21, for a total value of C$121,008.00. Also, Director F. Brian Bradstreet sold 1,500 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of C$1,971.00, for a total transaction of C$2,956,500.00. Insiders sold a total of 6,313 shares of company stock worth $3,103,234 in the last quarter. 3.76% of the stock is owned by company insiders.

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.