Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF – Get Free Report) shares passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $1,643.08 and traded as high as $1,729.98. Fairfax Financial shares last traded at $1,695.29, with a volume of 10,981 shares changing hands.
Analyst Ratings Changes
FRFHF has been the subject of a number of recent research reports. Scotiabank reaffirmed an “outperform” rating on shares of Fairfax Financial in a report on Friday, July 24th. Zacks Research cut Fairfax Financial from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 3rd. Finally, Canadian Imperial Bank of Commerce started coverage on Fairfax Financial in a research note on Friday, June 26th. They issued a “neutral” rating for the company. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.
Check Out Our Latest Stock Analysis on Fairfax Financial
Fairfax Financial Price Performance
About Fairfax Financial
Fairfax Financial (OTCMKTS:FRFHF) is a Toronto-based financial holding company primarily engaged in property and casualty insurance, reinsurance and investment management. The company underwrites a broad range of commercial and personal insurance products, operates specialty and run-off reinsurance businesses, and manages a diversified investment portfolio largely funded by insurance float. Fairfax conducts its insurance operations through a network of subsidiaries and affiliated companies that provide local underwriting and claims services across multiple markets.
On the insurance side, Fairfax writes a mix of short-tail and long-tail coverages across specialty lines, commercial casualty, property and other niche markets, while its reinsurance activities include treaty and facultative solutions for cedants and intermediaries.
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