Fairfax Financial (TSE:FFH) Stock Price Up 0.5% – Time to Buy?

Fairfax Financial Holdings Limited (TSE:FFH) shares were up 0.5% during mid-day trading on Friday . The stock traded as high as C$2,051.71 and last traded at C$2,050.42. Approximately 4,706 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 72,199 shares. The stock had previously closed at C$2,039.99.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. CIBC boosted their target price on Fairfax Financial from C$2,200.00 to C$2,400.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Scotiabank raised their target price on shares of Fairfax Financial from C$2,100.00 to C$2,200.00 in a research report on Monday, November 4th. Cormark upped their price target on shares of Fairfax Financial from C$2,125.00 to C$2,250.00 in a report on Tuesday, February 18th. Finally, BMO Capital Markets raised their price objective on Fairfax Financial from C$1,850.00 to C$2,200.00 in a report on Monday, November 4th.

Fairfax Financial Stock Performance

The stock’s fifty day simple moving average is C$2,001.65 and its two-hundred day simple moving average is C$1,836.30. The stock has a market capitalization of C$33.36 billion, a P/E ratio of 7.96, a price-to-earnings-growth ratio of 0.27 and a beta of 0.83.

Insider Buying and Selling

In related news, Director Brian Johnston Porter acquired 100 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were bought at an average cost of C$2,104.88 per share, with a total value of C$210,488.00. Also, Director R. William Mcfarland sold 4,800 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of C$25.21, for a total transaction of C$121,008.00. Insiders have acquired a total of 111 shares of company stock valued at $232,454 over the last 90 days. 3.76% of the stock is owned by insiders.

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.