Fairfax India (TSE:FIH.U) PT Lowered to C$15.75

Fairfax India (TSE:FIH.U) had its target price lowered by Canaccord Genuity from C$16.00 to C$15.75 in a research note issued on Tuesday, BayStreet.CA reports. Canaccord Genuity’s target price suggests a potential upside of 28.05% from the stock’s previous close.

FIH.U has been the subject of a number of other research reports. Royal Bank of Canada raised their price objective on Fairfax India from C$17.00 to C$18.00 and gave the company an “outperform” rating in a research report on Friday, May 31st. Cormark cut their price objective on Fairfax India from C$16.50 to C$15.00 in a research report on Tuesday.

Shares of Fairfax India stock traded down C$0.25 during trading on Tuesday, reaching C$12.30. 35,394 shares of the stock traded hands. The firm has a market cap of $1.51 billion and a P/E ratio of 125.51. The firm’s fifty day moving average price is C$13.00. The company has a debt-to-equity ratio of 26.40, a current ratio of 0.11 and a quick ratio of 0.10. Fairfax India has a 52-week low of C$12.12 and a 52-week high of C$16.66.

About Fairfax India

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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