Fairfax Financial (TSE:FFH) Share Price Passes Above Fifty Day Moving Average - Should You Sell?

Fairfax Financial Holdings Limited (TSE:FFH - Get Free Report) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$1,964.16 and traded as high as C$1,988.00. Fairfax Financial shares last traded at C$1,973.32, with a volume of 62,843 shares trading hands.

Analyst Ratings Changes

FFH has been the topic of a number of recent research reports. Cormark upped their target price on Fairfax Financial from C$1,800.00 to C$2,125.00 in a research note on Monday, November 4th. Scotiabank boosted their target price on shares of Fairfax Financial from C$2,100.00 to C$2,200.00 in a research note on Monday, November 4th. BMO Capital Markets raised their price target on shares of Fairfax Financial from C$1,850.00 to C$2,200.00 in a research report on Monday, November 4th. Royal Bank of Canada upped their price objective on shares of Fairfax Financial from C$1,325.00 to C$1,425.00 and gave the stock an "outperform" rating in a research report on Thursday, October 3rd. Finally, National Bankshares raised their target price on Fairfax Financial from C$2,100.00 to C$2,200.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th.

Fairfax Financial Stock Performance

The firm's 50-day moving average is C$1,964.16 and its two-hundred day moving average is C$1,740.06. The company has a current ratio of 3.75, a quick ratio of 0.93 and a debt-to-equity ratio of 40.13. The stock has a market cap of C$46.50 billion, a price-to-earnings ratio of 8.88, a P/E/G ratio of 0.27 and a beta of 0.83.

Insider Buying and Selling at Fairfax Financial

In related news, Director David Lloyd Johnston sold 13 shares of the firm's stock in a transaction dated Thursday, November 28th. The shares were sold at an average price of C$1,978.89, for a total transaction of C$25,725.57. Also, Director F. Brian Bradstreet sold 1,000 shares of the business's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of C$1,875.00, for a total transaction of C$1,875,000.00. In the last 90 days, insiders have sold 7,362 shares of company stock worth $5,067,724. Corporate insiders own 3.76% of the company's stock.

Fairfax Financial Company Profile

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.