Definity Financial Co. (TSE:DFY) Receives Average Rating of "Hold" from Analysts

Shares of Definity Financial Co. (TSE:DFY - Get Free Report) have received a consensus recommendation of "Hold" from the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$71.64.

A number of research analysts recently commented on DFY shares. Jefferies Financial Group lowered their price objective on shares of Definity Financial from C$62.00 to C$58.00 in a research note on Monday, April 21st. BMO Capital Markets upped their price objective on Definity Financial from C$63.00 to C$64.00 in a report on Monday, May 12th. CIBC set a C$80.00 price target on Definity Financial and gave the company a "neutral" rating in a report on Thursday, June 12th. Scotiabank raised their target price on shares of Definity Financial from C$65.00 to C$76.00 in a report on Wednesday, June 11th. Finally, TD Securities increased their target price on Definity Financial from C$72.00 to C$78.00 and gave the company a "hold" rating in a report on Wednesday, June 11th.

Definity Financial Trading Down 0.1%

DFY traded down C$0.08 on Friday, reaching C$77.60. The company had a trading volume of 38,309 shares, compared to its average volume of 176,908. Definity Financial has a one year low of C$43.88 and a one year high of C$79.95. The company has a market capitalization of C$8.95 billion, a P/E ratio of 16.43, a PEG ratio of 2.63 and a beta of 0.04. The company has a fifty day moving average of C$72.48 and a 200-day moving average of C$64.35.

About Definity Financial

Definity Financial Corp is a multi-channel, property, and casualty insurance company. It offers auto, property, liability, and pet insurance products to individual customers.