Fairfax Financial Holdings Ltd (FFH) Price Target Cut to C$625.00 by Analysts at CIBC
FFH has been the topic of a number of other reports. Royal Bank Of Canada reaffirmed an outperform rating on shares of Fairfax Financial Holdings in a report on Tuesday, June 27th. BMO Capital Markets lowered their price target on Fairfax Financial Holdings from C$700.00 to C$670.00 and set a market perform rating on the stock in a report on Friday, August 25th. Finally, Fairfax Financial Holdings Ltd. upped their price target on Fairfax Financial Holdings from C$525.00 to C$550.00 and gave the company an outperform rating in a report on Wednesday, August 16th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Fairfax Financial Holdings currently has an average rating of Buy and a consensus target price of C$598.75.
Fairfax Financial Holdings (FFH) traded down 3.14% during midday trading on Friday, hitting $596.12. The stock had a trading volume of 77,742 shares. 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 $605.80 and a 200 day moving average of $601.38. The firm’s market cap is $13.74 billion.
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In other news, Director Michael Wacek bought 499 shares of the stock in a transaction on Monday, June 26th. The shares were bought at an average price of C$420.00 per share, with a total value of C$209,580.00. Also, Director F. Brian Bradstreet bought 1,000 shares of the stock in a transaction on Friday, June 16th. The stock was purchased at an average cost of C$562.42 per share, for a total transaction of C$562,420.00.
Fairfax Financial Holdings 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. 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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