Fairfax Financial (TSE:FFH) Share Price Passes Above 50 Day Moving Average – Here’s What Happened

Fairfax Financial Holdings Limited (TSE:FFH)’s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$2,007.91 and traded as high as C$2,048.29. Fairfax Financial shares last traded at C$2,045.60, with a volume of 41,312 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms have commented on FFH. Cormark raised their price target on shares of Fairfax Financial from C$2,125.00 to C$2,250.00 in a report on Tuesday, February 18th. CIBC raised their target price on Fairfax Financial from C$2,200.00 to C$2,400.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th.

Fairfax Financial Stock Up 0.8 %

The stock has a market capitalization of C$32.81 billion, a P/E ratio of 7.83, a price-to-earnings-growth ratio of 0.27 and a beta of 0.83. The business’s 50 day simple moving average is C$2,007.91 and its two-hundred day simple moving average is C$1,861.32.

Insider Buying and Selling

In related news, Director Brian Johnston Porter purchased 100 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was acquired at an average cost of C$2,104.88 per share, with a total value of C$210,488.00. Insiders have acquired 111 shares of company stock worth $232,454 in the last quarter. Insiders own 3.76% of the company’s stock.

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.