Royal Bank of Canada Cuts Fairfax Financial (TSE:FFH) Price Target to C$725.00

Fairfax Financial (TSE:FFH – Get Rating) had its price objective lowered by Royal Bank of Canada from C$750.00 to C$725.00 in a research report report published on Tuesday morning, BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.

Other analysts also recently issued reports about the company. Scotiabank increased their target price on Fairfax Financial from C$820.00 to C$845.00 in a research note on Tuesday, May 3rd. BMO Capital Markets raised their price target on Fairfax Financial from C$760.00 to C$780.00 in a research note on Friday, April 29th. CIBC raised their price target on Fairfax Financial from C$825.00 to C$950.00 in a research note on Tuesday, April 26th. National Bankshares raised their price target on Fairfax Financial from C$1,000.00 to C$1,050.00 and gave the stock an outperform rating in a research note on Friday, April 29th. Finally, Cormark raised their price target on Fairfax Financial from C$735.00 to C$860.00 and gave the stock an outperform rating in a research note on Monday, May 2nd.

Fairfax Financial Stock Performance

Shares of FFH opened at C$670.21 on Tuesday. The business’s fifty day simple moving average is C$675.08 and its two-hundred day simple moving average is C$658.61. The company has a current ratio of 1.86, a quick ratio of 1.01 and a debt-to-equity ratio of 38.99. Fairfax Financial has a 12 month low of C$493.00 and a 12 month high of C$716.59. The company has a market cap of C$17.71 billion and a price-to-earnings ratio of 30.11.

Fairfax Financial Company Profile

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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.