Fairfax Financial (TSE:FFH) PT Set at C$2,200.00 by Royal Bank Of Canada

Fairfax Financial (TSE:FFH) received a C$2,200.00 price target from Royal Bank Of Canada in a research note issued on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective suggests a potential downside of 4.28% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. Scotiabank boosted their price target on shares of Fairfax Financial from C$2,900.00 to C$3,050.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Raymond James Financial cut their target price on shares of Fairfax Financial from C$3,050.00 to C$2,900.00 in a research note on Monday, November 10th. BMO Capital Markets lowered shares of Fairfax Financial from an “outperform” rating to a “hold” rating and decreased their price target for the company from C$2,600.00 to C$2,500.00 in a research note on Thursday. Finally, National Bankshares lifted their price objective on Fairfax Financial from C$3,000.00 to C$3,200.00 and gave the stock an “outperform” rating in a report on Monday, October 27th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Fairfax Financial has a consensus rating of “Moderate Buy” and an average price target of C$2,750.00.

Fairfax Financial Price Performance

TSE:FFH traded up C$12.38 during midday trading on Monday, hitting C$2,298.42. The company’s stock had a trading volume of 26,583 shares, compared to its average volume of 121,345. Fairfax Financial has a fifty-two week low of C$1,836.92 and a fifty-two week high of C$2,700.00. The firm’s 50 day moving average is C$2,475.92 and its 200-day moving average is C$2,415.32. The firm has a market cap of C$50.86 billion, a P/E ratio of 11.13, a P/E/G ratio of 0.27 and a beta of 0.40.

Fairfax Financial (TSE:FFH) last issued its earnings results on Thursday, November 6th. The company reported C$52.04 EPS for the quarter. The firm had revenue of C$17.72 billion for the quarter. Fairfax Financial had a return on equity of 17.43% and a net margin of 13.90%. As a group, analysts forecast that Fairfax Financial will post 212.3039807 EPS for the current year.

Fairfax Financial Company Profile

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