Fairfax India (TSE:FIH.U) PT Lowered to C$15.00 at Cormark

Fairfax India (TSE:FIH.U) had its price objective cut by Cormark from C$16.50 to C$15.00 in a report issued on Tuesday morning, BayStreet.CA reports.

Separately, Royal Bank of Canada boosted their price target on shares of Fairfax India from C$17.00 to C$18.00 and gave the stock an outperform rating in a research note on Friday, May 31st.

Shares of Fairfax India stock opened at C$12.56 on Tuesday. Fairfax India has a 52-week low of C$12.12 and a 52-week high of C$16.66. The company has a current ratio of 1.06, a quick ratio of 0.57 and a debt-to-equity ratio of 29.29. The business’s 50-day moving average price is C$12.90. The firm has a market capitalization of $1.54 billion and a price-to-earnings ratio of 66.11.

Fairfax India Company Profile

Fairfax India Holdings Corporation, an investment holding company, engages in investment activities in India. The company invests in public and private equity securities and debt instruments in India and Indian businesses, or other businesses with customers, suppliers, or business primarily conducted in, or dependent on, India.

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