Fairfax Financial (TSE:FFH) Shares Up 0.2% – Should You Buy?

Fairfax Financial Holdings Limited (TSE:FFH) shares shot up 0.2% on Friday . The company traded as high as C$2,051.71 and last traded at C$2,043.47. 37,363 shares changed hands during mid-day trading, a decline of 49% from the average session volume of 73,020 shares. The stock had previously closed at C$2,039.99.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FFH. CIBC upped their price target on Fairfax Financial from C$2,200.00 to C$2,400.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Cormark upped their price target on Fairfax Financial from C$2,125.00 to C$2,250.00 in a report on Tuesday, February 18th. Scotiabank upped their target price on Fairfax Financial from C$2,100.00 to C$2,200.00 in a research note on Monday, November 4th. Finally, BMO Capital Markets upped their target price on Fairfax Financial from C$1,850.00 to C$2,200.00 in a research note on Monday, November 4th.

Fairfax Financial Trading Up 2.0 %

The business has a 50 day moving average of C$2,003.29 and a 200-day moving average of C$1,841.27. The stock has a market cap of C$33.36 billion, a PE ratio of 7.96, a price-to-earnings-growth ratio of 0.27 and a beta of 0.83.

Insiders Place Their Bets

In other Fairfax Financial news, Director R. William Mcfarland sold 4,800 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of C$25.21, for a total transaction of C$121,008.00. Also, Director Brian Johnston Porter purchased 100 shares of Fairfax Financial stock in a transaction on Tuesday, February 18th. The shares were acquired at an average cost of C$2,104.88 per share, for a total transaction of C$210,488.00. Insiders have acquired a total of 111 shares of company stock valued at $232,454 in the last quarter. 3.76% of the stock is currently owned by company 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.