Fairfax Financial (TSE:FFH) Given New C$694.00 Price Target at Royal Bank of Canada
Fairfax Financial (TSE:FFH) had its target price hoisted by Royal Bank of Canada from C$450.00 to C$694.00 in a research note issued to investors on Wednesday morning, PriceTargets.com reports. Royal Bank of Canada currently has an outperform rating on the stock.
FFH has been the subject of a number of other research reports. Scotiabank upgraded shares of Fairfax Financial from a sector perform rating to an outperform rating and lifted their price objective for the company from C$500.00 to C$590.00 in a report on Tuesday, January 26th. BMO Capital Markets lifted their price objective on shares of Fairfax Financial from C$500.00 to C$550.00 in a report on Friday, February 12th. Finally, National Bank Financial boosted their price target on shares of Fairfax Financial from C$600.00 to C$625.00 and gave the company an outperform rating in a report on Monday, March 8th.
Shares of FFH opened at C$561.46 on Wednesday. Fairfax Financial has a 1-year low of C$319.37 and a 1-year high of C$566.00. The company has a 50-day moving average of C$529.50 and a 200 day moving average of C$455.32. The firm has a market capitalization of C$15.04 billion and a price-to-earnings ratio of 89.26. The company has a debt-to-equity ratio of 58.57, a current ratio of 1.25 and a quick ratio of 0.80.
In other news, insider Andrew Barnard sold 2,255 shares of the business’s stock in a transaction dated Monday, March 15th. The shares were sold at an average price of C$552.99, for a total value of C$1,246,989.72. Following the completion of the sale, the insider now owns 53,381 shares in the company, valued at approximately C$29,519,094.49.
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 Insurance and Reinsurance, Run-off, and Non-Insurance Companies segments.
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