Fairfax Financial (TSE:FFH) Shares Pass Above Fifty Day Moving Average - Time to Sell?

Fairfax Financial Holdings Limited (TSE:FFH - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$2,021.83 and traded as high as C$2,081.58. Fairfax Financial shares last traded at C$2,060.01, with a volume of 22,405 shares.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Cormark lifted their price objective on shares of Fairfax Financial from C$2,125.00 to C$2,250.00 in a report on Tuesday, February 18th. CIBC boosted their price target on shares of Fairfax Financial from C$2,400.00 to C$2,500.00 in a research report on Monday, March 10th. Finally, Raymond James set a C$2,600.00 target price on Fairfax Financial and gave the company an "outperform" rating in a research report on Friday, April 11th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of C$2,196.43.

Fairfax Financial Trading Up 1.5 %

The firm has a market capitalization of C$33.04 billion, a price-to-earnings ratio of 7.89, a P/E/G ratio of 0.27 and a beta of 0.83. The company's 50 day moving average is C$2,021.83 and its 200-day moving average is C$1,949.24.

Insider Activity

In other news, Director Brian David Young sold 3,337 shares of the firm's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of C$1,934.05, for a total transaction of C$6,453,923.52. Also, Director F. Brian Bradstreet sold 1,000 shares of Fairfax Financial stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of C$1,985.00, for a total transaction of C$1,985,000.00. Insiders sold a total of 6,642 shares of company stock valued at $13,178,144 over the last three months. 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.

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