Fairfax Financial (TSE:FFH) Share Price Crosses Below 50 Day Moving Average - Should You Sell?

Fairfax Financial Holdings Limited (TSE:FFH - Get Free Report) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$2,016.10 and traded as low as C$1,873.68. Fairfax Financial shares last traded at C$1,978.28, with a volume of 83,400 shares.

Analysts Set New Price Targets

FFH has been the topic of a number of research analyst reports. Raymond James set a C$2,600.00 price target on shares of Fairfax Financial and gave the company an "outperform" rating in a research note on Friday. Cormark raised their target price on shares of Fairfax Financial from C$2,125.00 to C$2,250.00 in a research report on Tuesday, February 18th. Finally, CIBC upped their price target on shares of Fairfax Financial from C$2,400.00 to C$2,500.00 in a report on Monday, March 10th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of C$2,196.43.

Fairfax Financial Stock Performance

The stock's fifty day simple moving average is C$2,016.08 and its two-hundred day simple moving average is C$1,934.00. The stock has a market capitalization of C$32.88 billion, a P/E ratio of 7.85, a price-to-earnings-growth ratio of 0.27 and a beta of 0.83.

Insider Buying and Selling

In other news, Director F. Brian Bradstreet sold 1,000 shares of the company's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of C$1,985.00, for a total value of C$1,985,000.00. Also, Director Brian Johnston Porter bought 100 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were purchased at an average cost of C$2,104.88 per share, with a total value of C$210,488.00. Insiders have sold a total of 6,642 shares of company stock valued at $13,178,144 over the last 90 days. 3.76% of the stock is owned by insiders.

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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.