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

Fairfax Financial Holdings Limited (OTCMKTS:FRFHF)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $1,435.00 and last traded at $1,432.04, with a volume of 1647 shares changing hands. The stock had previously closed at $1,413.23.

Analyst Upgrades and Downgrades

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

Fairfax Financial Price Performance

The company has a 50-day moving average of $1,301.56 and a 200-day moving average of $1,202.34. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.45 and a current ratio of 2.45. The stock has a market cap of $33.22 billion, a price-to-earnings ratio of 8.64 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.