Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF – Get Free Report) shares passed below its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $1,642.69 and traded as low as $1,553.3533. Fairfax Financial shares last traded at $1,562.02, with a volume of 3,604 shares changing hands.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on FRFHF shares. Zacks Research downgraded shares of Fairfax Financial from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 3rd. Scotiabank reissued an “outperform” rating on shares of Fairfax Financial in a research report on Friday, July 24th. Finally, Canadian Imperial Bank of Commerce assumed coverage on shares of Fairfax Financial in a research note on Friday, June 26th. They set a “neutral” rating on the stock. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Fairfax Financial has an average rating of “Moderate Buy”.
Check Out Our Latest Research Report on FRFHF
Fairfax Financial Stock Down 0.3%
About Fairfax Financial
Fairfax Financial Holdings Limited is a Toronto-based holding company engaged primarily in property and casualty insurance and reinsurance. Through its subsidiaries and associated companies, Fairfax provides commercial and personal insurance products, specialty coverage, and reinsurance solutions to businesses, organizations, and individuals.
The company operates through a portfolio of insurance businesses in Canada, the United States, Europe, and other international markets. Its insurance interests have included Northbridge Financial, Crum & Forster, Odyssey Group, Allied World, Brit Insurance, and Eurolife, among others.
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