Fairfax Financial (TSE:FFH) Reaches New 52-Week High - Should You Buy?

Fairfax Financial Holdings Limited (TSE:FFH - Get Free Report)'s stock price hit 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 trading hands. The stock had previously closed at C$2,000.00.

Analysts Set New Price Targets

Several research firms recently commented on FFH. CIBC raised their target price on Fairfax Financial from C$2,200.00 to C$2,400.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. National Bankshares raised their price target on shares of Fairfax Financial from C$2,100.00 to C$2,200.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. BMO Capital Markets increased their price objective on shares of Fairfax Financial from C$1,850.00 to C$2,200.00 in a research report on Monday, November 4th. Cormark boosted their target price on Fairfax Financial from C$2,125.00 to C$2,250.00 in a research report on Tuesday. Finally, Scotiabank increased their price target on Fairfax Financial from C$2,100.00 to C$2,200.00 in a report on Monday, November 4th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of C$2,112.50.

Fairfax Financial Stock Performance

The company has a market cap of C$33.36 billion, a price-to-earnings ratio of 7.96, a price-to-earnings-growth ratio of 0.27 and a beta of 0.83. The stock's fifty day moving average is C$1,993.11 and its two-hundred day moving average is C$1,812.15.

Insiders Place Their Bets

In related news, Director F. Brian Bradstreet sold 1,500 shares of the firm's stock in a transaction dated 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. Also, Director David Lloyd Johnston sold 13 shares of the business's stock in a transaction dated Thursday, November 28th. The stock was sold at an average price of C$1,978.89, for a total transaction of C$25,725.57. In the last ninety days, insiders sold 6,313 shares of company stock valued at $3,103,234. Corporate 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.