Fairfax Financial (TSE:FFH) Shares Up 0.1% - Should You Buy?

Fairfax Financial Holdings Limited (TSE:FFH - Get Free Report)'s share price was up 0.1% during mid-day trading on Friday . The stock traded as high as C$2,051.71 and last traded at C$2,042.60. Approximately 24,687 shares were traded during trading, a decline of 66% from the average daily volume of 72,715 shares. The stock had previously closed at C$2,039.99.

Analyst Ratings Changes

A number of brokerages have recently weighed in on FFH. Scotiabank raised their price objective on Fairfax Financial from C$2,100.00 to C$2,200.00 in a research report on Monday, November 4th. 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 shares of Fairfax Financial from C$2,125.00 to C$2,250.00 in a report on Tuesday, February 18th. Finally, CIBC lifted their price target on Fairfax Financial from C$2,200.00 to C$2,400.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th.

Fairfax Financial Stock Performance

The firm has a market capitalization of C$32.96 billion, a P/E ratio of 7.87, a PEG ratio of 0.27 and a beta of 0.83. The business's fifty day moving average price is C$2,004.55 and its two-hundred day moving average price is C$1,845.25.

Insider Activity at Fairfax Financial

In related news, Director Brian Johnston Porter acquired 100 shares of the stock in a transaction on Tuesday, February 18th. The shares were acquired at an average price of C$2,104.88 per share, for a total transaction of C$210,488.00. Also, Director R. William Mcfarland sold 4,800 shares of Fairfax Financial stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of C$25.21, for a total transaction of C$121,008.00. Insiders have bought a total of 111 shares of company stock valued at $232,454 in the last ninety days. Company insiders own 3.76% of the company's stock.

Remove Ads

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.