Definity Financial Co. (TSE:DFY) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Definity Financial Co. has been assigned an average recommendation of "Hold" by seven brokerages, with six analysts recommending a hold and one a buy.
• Royal Bank of Canada recently upgraded Definity Financial to a "moderate buy" with a target price of C$87.00, while National Bankshares set an outperform rating with a target of C$92.00.
• The stock has experienced fluctuations, trading down 3.9%, with a market cap of C$8.69 billion and a current trading price of C$75.31.

Shares of Definity Financial Co. (TSE:DFY - Get Free Report) have been given an average recommendation of "Hold" by the seven brokerages that are currently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$74.20.

DFY has been the topic of a number of analyst reports. Jefferies Financial Group lowered their price objective on shares of Definity Financial from C$62.00 to C$58.00 in a research report on Monday, April 21st. Desjardins upgraded shares of Definity Financial to a "hold" rating in a research note on Wednesday, June 11th. National Bankshares boosted their price target on shares of Definity Financial from C$90.00 to C$92.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 29th. Cormark upgraded shares of Definity Financial from a "hold" rating to a "moderate buy" rating in a research report on Wednesday, June 11th. Finally, Royal Bank Of Canada upgraded Definity Financial to a "moderate buy" rating and set a C$87.00 target price on the stock in a research report on Wednesday, June 18th.

Definity Financial Price Performance

Shares of DFY stock traded down C$0.86 during midday trading on Thursday, hitting C$73.79. The company had a trading volume of 231,655 shares, compared to its average volume of 172,146. Definity Financial has a 52-week low of C$47.10 and a 52-week high of C$79.95. The company's 50 day simple moving average is C$76.24 and its 200 day simple moving average is C$67.12. The stock has a market cap of C$8.51 billion, a price-to-earnings ratio of 15.62, a PEG ratio of 2.63 and a beta of 0.04.

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.