Fairfax Financial (TSE:FFH) Stock Price Crosses Above Fifty Day Moving Average – Time to Sell?

Fairfax Financial Holdings Limited (TSE:FFH) shares crossed 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 trading hands.

Analyst Upgrades and Downgrades

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

Fairfax Financial Stock Up 1.1 %

The firm has a market cap of C$46.52 billion, a price-to-earnings ratio of 8.89, a PEG ratio of 0.27 and a beta of 0.83. The business’s 50-day moving average is C$1,970.88 and its 200-day moving average is C$1,748.13. The company has a debt-to-equity ratio of 40.13, a quick ratio of 0.93 and a current ratio of 3.75.

Insiders Place Their Bets

In other Fairfax Financial news, Director David Lloyd Johnston sold 13 shares of the stock in a transaction dated Thursday, November 28th. The shares were sold at an average price of C$1,978.89, for a total transaction of C$25,725.57. Also, Director F. Brian Bradstreet sold 1,500 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of C$1,971.00, for a total transaction of C$2,956,500.00. 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 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.