Fairfax Financial (TSE:FFH) Upgraded to Moderate Buy at Raymond James

Raymond James upgraded shares of Fairfax Financial (TSE:FFH) to a moderate buy rating in a report issued on Thursday morning,Zacks.com reports.

A number of other research firms have also weighed in on FFH. Cormark raised their price target on shares of Fairfax Financial from C$2,125.00 to C$2,250.00 in a research report on Tuesday, February 18th. CIBC increased their target price on Fairfax Financial from C$2,400.00 to C$2,500.00 in a research report on Monday, March 10th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$2,196.43.

Fairfax Financial Price Performance

FFH opened at C$1,990.02 on Thursday. The firm has a market capitalization of C$31.92 billion, a PE ratio of 7.62, a P/E/G ratio of 0.27 and a beta of 0.83. Fairfax Financial has a fifty-two week low of C$1,425.00 and a fifty-two week high of C$2,153.96. The company’s 50-day moving average is C$2,015.57 and its 200 day moving average is C$1,931.69.

Insider Activity

In other news, Director F. Brian Bradstreet sold 1,000 shares of Fairfax Financial stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of C$1,985.00, for a total value of C$1,985,000.00. Also, Director Brian Johnston Porter bought 100 shares of the stock in a transaction dated Tuesday, February 18th. The shares were purchased at an average price of C$2,104.88 per share, with a total value of C$210,488.00. Insiders have sold a total of 6,642 shares of company stock valued at $13,178,144 over the last ninety days. 3.76% of the stock is currently owned by corporate 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.