Brokerages Set Definity Financial Co. (TSE:DFY) Target Price at C$64.09

Shares of Definity Financial Co. (TSE:DFY - Get Free Report) have been assigned an average recommendation of "Hold" from the eight research firms that are currently covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is C$67.27.

A number of research firms recently commented on DFY. Desjardins upped their price objective on Definity Financial from C$64.00 to C$67.00 and gave the company a "hold" rating in a report on Thursday, April 24th. National Bankshares set a C$90.00 price objective on Definity Financial and gave the stock an "outperform" rating in a research report on Wednesday. Scotiabank upped their target price on shares of Definity Financial from C$65.00 to C$76.00 in a research report on Wednesday. Raymond James increased their price objective on shares of Definity Financial from C$55.00 to C$62.00 in a research report on Tuesday, February 18th. Finally, Jefferies Financial Group cut their target price on Definity Financial from C$62.00 to C$58.00 in a research report on Monday, April 21st.

Definity Financial Price Performance

Shares of DFY traded up C$1.95 during mid-day trading on Wednesday, reaching C$75.55. The stock had a trading volume of 237,552 shares, compared to its average volume of 183,892. Definity Financial has a 52-week low of C$42.11 and a 52-week high of C$79.06. The firm has a market cap of C$8.72 billion, a price-to-earnings ratio of 16.00, a P/E/G ratio of 2.63 and a beta of 0.04. The business's fifty day moving average is C$67.35 and its 200 day moving average is C$62.04.

Definity Financial Company Profile

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