BMO Capital Markets Cuts Fairfax Financial Holdings Ltd (FFH) Price Target to C$670.00
Fairfax Financial Holdings Ltd (TSE:FFH) had its price objective lowered by stock analysts at BMO Capital Markets from C$700.00 to C$670.00 in a research report issued to clients and investors on Friday. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ target price would indicate a potential upside of 5.68% from the company’s previous close.
FFH has been the topic of several other reports. CIBC upgraded Fairfax Financial Holdings from an “underperform” rating to a “neutral” rating and set a C$600.00 price objective on the stock in a research note on Monday, July 24th. Royal Bank Of Canada cut their price target on Fairfax Financial Holdings from C$716.00 to C$550.00 and set an “outperform” rating on the stock in a research note on Monday, May 1st. Finally, Fairfax Financial Holdings Ltd. raised their price target on Fairfax Financial Holdings from C$525.00 to C$550.00 and gave the company an “outperform” rating in a research note on Wednesday, August 16th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of C$600.00.
Shares of Fairfax Financial Holdings (TSE:FFH) traded down 0.04% during midday trading on Friday, reaching $633.74. The company had a trading volume of 15,363 shares. The firm’s 50 day moving average price is $589.85 and its 200-day moving average price is $600.80. Fairfax Financial Holdings has a 1-year low of $547.95 and a 1-year high of $777.45. The stock’s market capitalization is $14.61 billion.
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In other Fairfax Financial Holdings news, Director Michael Wacek purchased 499 shares of the business’s stock in a transaction on Monday, June 26th. The shares were bought at an average cost of C$420.00 per share, for a total transaction of C$209,580.00. Also, Director F. Brian Bradstreet purchased 1,000 shares of the business’s stock in a transaction on Friday, June 16th. The stock was acquired at an average price of C$562.42 per share, for a total transaction of C$562,420.00.
About Fairfax Financial Holdings
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. It operates through Insurance and Reinsurance, Runoff, and Other segments. The company also underwrites specialty insurance and reinsurance; develops, produces, markets, and distributes television programs; and owns and operates premium dining restaurants and holiday resorts.
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