Fairfax Financial (FFH) Receives a Buy from CIBC


Shares of Fairfax Financial (FFH) were revisited by a Wall Street analyst yesterday. Analyst Paul Holden from CIBC reiterated a Buy rating, with a C$725 price target.

According to TipRanks.com, Holden is a 3-star analyst with an average return of 2.4% and a 55.9% success rate. Holden covers the Financial sector, focusing on stocks such as Fairfax Financial Holdings, Sun Life Financial, and IGM Financial.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Fairfax Financial with a C$726.67 average price target.

Fairfax Financial’s market cap is currently C$17.82B and has a P/E ratio of 8.1. The company has a Price to Book ratio of 1.12.

Fairfax Financial Holdings Ltd. engages in the provision of property and casualty insurance, and reinsurance and investment management. It operates through the following segments: Insurance and Reinsurance, Runoff and Other.

The company’s shares closed on Friday at C$651.14.

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