Fairfax Financial (OTCMKTS:FRFHF) Reaches New 52-Week High – Time to Buy?

Fairfax Financial Holdings Limited (OTCMKTS:FRFHF) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $1,360.92 and last traded at $1,348.71, with a volume of 2465 shares. The stock had previously closed at $1,335.45.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada upped their target price on shares of Fairfax Financial from $1,425.00 to $1,500.00 and gave the company an “outperform” rating in a research note on Monday, November 4th.

Fairfax Financial Price Performance

The business’s 50-day simple moving average is $1,254.59 and its two-hundred day simple moving average is $1,176.51. The stock has a market cap of $31.32 billion, a P/E ratio of 8.17 and a beta of 0.79. The company has a quick ratio of 4.09, a current ratio of 2.45 and a debt-to-equity ratio of 0.39.

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.