Fairfax Financial Holdings Ltd (TSE:FFH) Upgraded to Neutral by CIBC

CIBC upgraded shares of Fairfax Financial Holdings Ltd (TSE:FFH) from an underperform rating to a neutral rating in a report issued on Monday, July 24th. They currently have C$600.00 target price on the stock.

Separately, Royal Bank Of Canada restated an outperform rating on shares of Fairfax Financial Holdings in a report on Tuesday, June 27th.

Shares of Fairfax Financial Holdings (TSE FFH) traded down 1.15% during midday trading on Monday, reaching $588.44. 25,652 shares of the company’s stock traded hands. The stock’s market cap is $13.56 billion. The stock has a 50 day moving average of $583.17 and a 200-day moving average of $600.79. Fairfax Financial Holdings has a 12 month low of $547.95 and a 12 month high of $777.45.

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In related news, Director Michael Wacek acquired 499 shares of the stock in a transaction on Monday, June 26th. The shares were acquired at an average price of C$420.00 per share, with a total value of C$209,580.00. Also, Director F. Brian Bradstreet acquired 1,000 shares of the stock in a transaction on Friday, June 16th. The stock was bought at an average cost of C$562.42 per share, for a total transaction of C$562,420.00.

About Fairfax Financial Holdings

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. It operates through Insurance and Reinsurance, Runoff, and Other segments. The company also underwrites specialty insurance and reinsurance; develops, produces, markets, and distributes television programs; and owns and operates premium dining restaurants and holiday resorts.

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