Fairfax Financial (OTCMKTS:FRFHF) Hits New 1-Year High – Here’s Why

Shares of Fairfax Financial Holdings Limited (OTCMKTS:FRFHF) hit 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 Analysts Forecast Growth

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

Fairfax Financial Stock Performance

The firm has a fifty day moving average of $1,263.98 and a 200-day moving average of $1,180.95. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $31.83 billion, a price-to-earnings ratio of 8.38 and a beta of 0.79.

About Fairfax Financial

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.