Definity Financial Co. (TSE:DFY) Receives C$74.20 Consensus Target Price from Brokerages

Key Points

• Definity Financial Co. (TSE:DFY) has received a consensus recommendation of "Hold" from six analysts, with an average 12-month price target of C$74.20.
• Recent price target adjustments include TD Securities raising their target from C$80.00 to C$81.00, while Scotiabank increased its target from C$65.00 to C$76.00.
• The company's stock opened at C$72.49 on Monday and has a market capitalization of C$8.36 billion, with a 12-month high of C$79.95.

Definity Financial Co. (TSE:DFY - Get Free Report) has received an average rating of "Hold" from the six research firms that are currently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$74.20.

DFY has been the topic of a number of recent analyst reports. Royal Bank Of Canada upgraded Definity Financial to a "moderate buy" rating and set a C$87.00 price objective on the stock in a research report on Wednesday, June 18th. Scotiabank lifted their price objective on Definity Financial from C$65.00 to C$76.00 in a report on Wednesday, June 11th. National Bankshares boosted their target price on Definity Financial from C$90.00 to C$92.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 29th. BMO Capital Markets upped their price objective on Definity Financial from C$63.00 to C$64.00 in a research report on Monday, May 12th. Finally, CIBC set a C$80.00 target price on Definity Financial and gave the company a "neutral" rating in a research note on Thursday, June 12th.

Definity Financial Price Performance

Shares of TSE:DFY traded up C$0.17 on Monday, hitting C$69.92. The company's stock had a trading volume of 65,142 shares, compared to its average volume of 168,837. The company has a market capitalization of C$8.07 billion, a PE ratio of 14.80, a PEG ratio of 2.63 and a beta of 0.04. The company has a 50-day simple moving average of C$75.32 and a 200 day simple moving average of C$68.85. Definity Financial has a 1 year low of C$48.89 and a 1 year high of C$79.95.

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.