Fairfax Financial (TSE:FFH) Price Target Raised to C$2,500.00

Fairfax Financial (TSE:FFH) had its target price lifted by equities research analysts at CIBC from C$2,400.00 to C$2,500.00 in a note issued to investors on Monday,BayStreet.CA reports. CIBC’s price target suggests a potential upside of 28.10% from the company’s current price.

Separately, Cormark increased their price target on Fairfax Financial from C$2,125.00 to C$2,250.00 in a research note on Tuesday, February 18th.

Fairfax Financial Price Performance

TSE:FFH traded down C$94.01 during trading hours on Monday, reaching C$1,951.59. 74,657 shares of the stock were exchanged, compared to its average volume of 72,876. Fairfax Financial has a twelve month low of C$1,425.00 and a twelve month high of C$2,119.64. The firm has a 50 day moving average of C$2,007.91 and a 200 day moving average of C$1,863.84. The stock has a market cap of C$31.30 billion, a PE ratio of 7.47, a PEG ratio of 0.27 and a beta of 0.83.

Insider Buying and Selling

In related news, Director Brian Johnston Porter acquired 100 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average price of C$2,104.88 per share, with a total value of C$210,488.00. Also, insider Andrew Barnard sold 2,305 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of C$2,056.06, for a total value of C$4,739,220.14. Over the last 90 days, insiders purchased 111 shares of company stock worth $232,454. 3.76% of the stock is owned by corporate 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.