Fairfax Financial Holdings Ltd (FFH) Upgraded at CIBC
CIBC upgraded shares of Fairfax Financial Holdings Ltd (TSE:FFH) from an underperform rating to a neutral rating in a report issued on Monday, July 24th. The firm currently has C$600.00 price target on the stock.
Separately, Royal Bank Of Canada dropped their price objective on shares of Fairfax Financial Holdings from C$716.00 to C$550.00 and set an outperform rating for the company in a report on Monday, May 1st.
Shares of Fairfax Financial Holdings (TSE:FFH) traded down 1.15% during trading on Monday, reaching $588.44. 25,652 shares of the company traded hands. Fairfax Financial Holdings has a 52 week low of $547.95 and a 52 week high of $777.45. The firm has a 50 day moving average of $583.17 and a 200 day moving average of $600.79. The stock’s market capitalization is $13.56 billion.
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In other news, Director Michael Wacek purchased 499 shares of the stock in a transaction on Monday, June 26th. The stock was bought at an average price of C$420.00 per share, for a total transaction of C$209,580.00. Also, Director F. Brian Bradstreet purchased 1,000 shares of the stock in a transaction on Friday, June 16th. The shares were purchased at an average price of C$562.42 per share, with a total value of C$562,420.00.
About Fairfax Financial Holdings
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. It operates through Insurance and Reinsurance, Runoff, and Other segments. The company also underwrites specialty insurance and reinsurance; develops, produces, markets, and distributes television programs; and owns and operates premium dining restaurants and holiday resorts.
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