Scotiabank Forecasts Strong Price Appreciation for Fairfax Financial (TSE:FFH) Stock

Fairfax Financial (TSE:FFH) had its price objective raised by Scotiabank from C$2,100.00 to C$2,200.00 in a research note published on Monday morning, BayStreet.CA reports.

Several other research analysts have also weighed in on FFH. National Bankshares increased their target price on Fairfax Financial from C$2,100.00 to C$2,200.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Royal Bank of Canada raised their price objective on Fairfax Financial from C$1,325.00 to C$1,425.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd.

Fairfax Financial Stock Performance

Shares of FFH stock opened at C$1,815.22 on Monday. The company has a debt-to-equity ratio of 40.13, a quick ratio of 0.93 and a current ratio of 3.75. The firm has a market capitalization of C$42.31 billion, a price-to-earnings ratio of 8.08, a price-to-earnings-growth ratio of 0.27 and a beta of 0.83. Fairfax Financial has a one year low of C$1,171.70 and a one year high of C$1,890.36. The company has a 50 day moving average price of C$1,687.31 and a 200 day moving average price of C$1,590.26.

Insider Buying and Selling

In other Fairfax Financial news, Director Brian David Young sold 4,280 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of C$1,617.96, for a total value of C$6,924,875.22. In other Fairfax Financial news, Director Brian David Young sold 4,280 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of C$1,617.96, for a total value of C$6,924,875.22. Also, Senior Officer Olivier Elie Quesnel sold 173 shares of Fairfax Financial stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of C$1,566.13, for a total transaction of C$270,940.49. Following the sale, the insider now owns 202 shares in the company, valued at C$316,358.26. This represents a 0.00 % decrease in their position. In the last three months, insiders sold 6,953 shares of company stock valued at $11,304,176. Company insiders own 3.76% of the company’s stock.

About Fairfax Financial

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.