Fairfax Financial (TSE:FFH) Price Target Raised to C$2,261.00

Fairfax Financial (TSE:FFH) had its target price increased by Royal Bank Of Canada from C$2,234.00 to C$2,261.00 in a research note issued to investors on Monday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other analysts have also recently issued reports about the company. BMO Capital Markets cut Fairfax Financial from an “outperform” rating to a “hold” rating and reduced their price target for the stock from C$2,600.00 to C$2,500.00 in a report on Thursday, January 22nd. National Bank Financial set a C$3,200.00 price target on Fairfax Financial and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Scotiabank boosted their price target on Fairfax Financial from C$3,050.00 to C$3,150.00 in a report on Friday, January 30th. Finally, ATB Cormark Capital Markets boosted their price target on Fairfax Financial from C$2,500.00 to C$2,600.00 and gave the stock a “sector perform” rating in a report on Monday, February 23rd. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$2,751.38.

Fairfax Financial Trading Up 0.3%

Shares of TSE FFH opened at C$2,472.36 on Monday. The company has a market cap of C$53.03 billion, a price-to-earnings ratio of 11.56, a PEG ratio of 0.27 and a beta of 0.33. Fairfax Financial has a 12 month low of C$2,073.88 and a 12 month high of C$2,700.00. The stock has a 50-day moving average price of C$2,354.30 and a two-hundred day moving average price of C$2,383.34.

Fairfax Financial (TSE:FFH) last issued its earnings results on Thursday, February 19th. The company reported C$79.02 EPS for the quarter. The firm had revenue of C$17.53 billion during the quarter. Fairfax Financial had a return on equity of 18.62% and a net margin of 15.70%. On average, sell-side analysts predict that Fairfax Financial will post 212.3039807 earnings per share for the current year.

About Fairfax Financial

Fairfax Financial is a holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and the associated investment management.