Fairfax Financial (OTCMKTS:FRFHF) Given New $1,500.00 Price Target at Royal Bank of Canada

Fairfax Financial (OTCMKTS:FRFHF) had its price objective hoisted by Royal Bank of Canada from $1,425.00 to $1,500.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Royal Bank of Canada’s target price would suggest a potential upside of 11.11% from the company’s previous close.

Fairfax Financial Trading Up 8.4 %

Fairfax Financial stock traded up $104.48 during midday trading on Monday, hitting $1,350.00. 7,200 shares of the stock were exchanged, compared to its average volume of 6,030. The stock has a market capitalization of $31.35 billion, a PE ratio of 8.26 and a beta of 0.79. The company has a fifty day simple moving average of $1,240.40 and a two-hundred day simple moving average of $1,166.88. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 0.42. Fairfax Financial has a 52 week low of $838.11 and a 52 week high of $1,350.00.

Fairfax Financial (OTCMKTS:FRFHF) last announced its quarterly earnings results on Thursday, August 1st. The financial services provider reported $37.18 earnings per share for the quarter. Fairfax Financial had a net margin of 13.40% and a return on equity of 15.37%. The company had revenue of $7.49 billion for the quarter. Equities research analysts anticipate that Fairfax Financial will post 149.57 EPS for the current fiscal year.

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.