Fairfax Financial (TSE:FFH) Stock Price Crosses Above 50 Day Moving Average – What’s Next?

Fairfax Financial Holdings Limited (TSE:FFH)’s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$1,964.16 and traded as high as C$1,988.00. Fairfax Financial shares last traded at C$1,973.32, with a volume of 62,843 shares.

Wall Street Analyst Weigh In

Several brokerages have weighed in on FFH. Scotiabank increased their price objective on Fairfax Financial from C$2,100.00 to C$2,200.00 in a report on Monday, November 4th. BMO Capital Markets increased their price target on Fairfax Financial from C$1,850.00 to C$2,200.00 in a research note on Monday, November 4th. Cormark lifted their price objective on Fairfax Financial from C$1,800.00 to C$2,125.00 in a report on Monday, November 4th. National Bankshares upped their price objective on shares of Fairfax Financial from C$2,100.00 to C$2,200.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada lifted their target price on shares of Fairfax Financial from C$1,325.00 to C$1,425.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd.

Fairfax Financial Stock Performance

The business has a 50 day moving average of C$1,964.16 and a 200-day moving average of C$1,740.06. 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 company has a market capitalization of C$46.00 billion, a P/E ratio of 8.79, a price-to-earnings-growth ratio of 0.27 and a beta of 0.83.

Insider Transactions at Fairfax Financial

In other Fairfax Financial news, Director R. William Mcfarland sold 4,800 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of C$25.21, for a total value of C$121,008.00. Also, Director David Lloyd Johnston sold 39 shares of Fairfax Financial stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of C$1,819.21, for a total value of C$70,949.19. Over the last ninety days, insiders have sold 7,362 shares of company stock valued at $5,067,724. 3.76% of the stock is currently owned by corporate insiders.

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.