Fairfax Financial (TSE:FFH) Stock Price Crosses Below Fifty Day Moving Average of $683.21

Fairfax Financial Holdings Limited (TSE:FFHGet Rating) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$683.21 and traded as low as C$636.13. Fairfax Financial shares last traded at C$643.22, with a volume of 45,856 shares trading hands.

A number of research firms have recently weighed in on FFH. Scotiabank lifted their price objective on Fairfax Financial from C$820.00 to C$845.00 in a research report on Tuesday, May 3rd. Royal Bank of Canada lifted their price target on shares of Fairfax Financial from C$675.00 to C$750.00 and gave the company an “outperform” rating in a report on Monday, May 2nd. BMO Capital Markets boosted their price target on shares of Fairfax Financial from C$760.00 to C$780.00 in a research report on Friday, April 29th. CIBC lifted their price target on Fairfax Financial from C$825.00 to C$950.00 in a research report on Tuesday, April 26th. Finally, National Bankshares upped their price target on shares of Fairfax Financial from C$1,000.00 to C$1,050.00 and gave the company an “outperform” rating in a report on Friday, April 29th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$855.00.

The company has a quick ratio of 1.27, a current ratio of 2.16 and a debt-to-equity ratio of 37.55. The stock’s 50 day moving average is C$683.21 and its two-hundred day moving average is C$641.10. The company has a market capitalization of C$19.87 billion and a PE ratio of 5.12.

About Fairfax Financial (TSE:FFH)

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 Insurance and Reinsurance, Run-off, and Non-Insurance Companies segments.

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