Royal Bank Of Canada Issues Positive Forecast for Fairfax Financial (TSE:FFH) Stock Price

Fairfax Financial (TSE:FFH) had its price objective raised by Royal Bank Of Canada from C$3,254.00 to C$3,335.00 in a research report issued to clients and investors on Thursday, BayStreet reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada‘s target price suggests a potential upside of 22.58% from the stock’s current price.

Other research analysts have also issued research reports about the stock. ATB Cormark Capital Markets upgraded shares of Fairfax Financial from a “hold” rating to a “moderate buy” rating and raised their price target for the company from C$2,500.00 to C$2,850.00 in a report on Wednesday. National Bank Financial boosted their price objective on shares of Fairfax Financial from C$3,450.00 to C$3,600.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 28th. Raymond James Financial boosted their price objective on shares of Fairfax Financial from C$2,900.00 to C$3,150.00 and gave the stock an “outperform” rating in a research note on Thursday. RBC Dominion Securities increased their price objective on shares of Fairfax Financial from C$2,223.00 to C$2,318.00 and gave the stock an “outperform” rating in a research report on Friday, October 23rd. Finally, Scotia raised their target price on shares of Fairfax Financial from C$2,950.00 to C$3,000.00 and gave the company a “sector outperform” rating in a research note on Thursday. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Fairfax Financial has an average rating of “Moderate Buy” and a consensus target price of C$2,905.89.

Fairfax Financial Trading Down 1.2%

Shares of Fairfax Financial stock traded down C$33.94 during trading hours on Thursday, reaching C$2,720.63. The stock had a trading volume of 64,612 shares, compared to its average volume of 70,270. The firm has a 50 day simple moving average of C$2,319.96 and a two-hundred day simple moving average of C$2,315.56. The firm has a market capitalization of C$60.87 billion, a price-to-earnings ratio of 13.35, a P/E/G ratio of 0.27 and a beta of 0.34. Fairfax Financial has a 1 year low of C$2,066.16 and a 1 year high of C$2,788.03.

Fairfax Financial (TSE:FFH) last released its quarterly earnings data on Tuesday, November 3rd. The company reported C$61.67 earnings per share for the quarter. Fairfax Financial had a return on equity of 16.00% and a net margin of 11.53%. The business had revenue of C$17.94 billion for the quarter. Sell-side analysts forecast that Fairfax Financial will post 212.30 EPS 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.