Definity Financial Co. (TSE:DFY) Given Consensus Recommendation of "Hold" by Brokerages

Definity Financial Co. (TSE:DFY - Get Free Report) has been assigned an average recommendation of "Hold" from the seven research firms that are presently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$71.64.

DFY has been the topic of several research reports. Scotiabank raised their price objective on Definity Financial from C$65.00 to C$76.00 in a report on Wednesday, June 11th. Raymond James Financial lifted their price target on Definity Financial from C$65.00 to C$74.00 and gave the company a "market perform" rating in a report on Thursday, June 12th. Jefferies Financial Group cut their price target on Definity Financial from C$62.00 to C$58.00 in a report on Monday, April 21st. Cormark upgraded Definity Financial from a "hold" rating to a "moderate buy" rating in a report on Wednesday, June 11th. Finally, TD Securities lifted their price target 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 Price Performance

TSE:DFY opened at C$77.60 on Friday. The firm has a market capitalization of C$8.95 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 2.63 and a beta of 0.04. Definity Financial has a 1 year low of C$43.88 and a 1 year high of C$79.95. The business has a 50 day simple moving average of C$72.48 and a 200-day simple 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.

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