National Bankshares Reiterates C$90.00 Price Target for Definity Financial (TSE:DFY)

Definity Financial (TSE:DFY - Get Free Report) has been given a C$90.00 target price by stock analysts at National Bankshares in a report issued on Wednesday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. National Bankshares' price target would suggest a potential upside of 17.25% from the stock's current price.

Several other equities research analysts have also recently commented on DFY. TD Securities boosted their target price on Definity Financial from C$72.00 to C$78.00 and gave the company a "hold" rating in a research note on Wednesday. Jefferies Financial Group lowered their price objective on shares of Definity Financial from C$62.00 to C$58.00 in a report on Monday, April 21st. CIBC boosted their price objective on shares of Definity Financial from C$66.00 to C$70.00 in a research report on Friday, April 25th. Scotiabank increased their target price on shares of Definity Financial from C$65.00 to C$76.00 in a report on Wednesday. Finally, Raymond James raised their price objective on Definity Financial from C$55.00 to C$62.00 in a report on Tuesday, February 18th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Definity Financial presently has an average rating of "Hold" and an average target price of C$69.27.

Definity Financial Trading Up 1.6%

Shares of DFY stock traded up C$1.21 on Wednesday, hitting C$76.76. 198,520 shares of the stock were exchanged, compared to its average volume of 184,021. The firm has a market capitalization of C$8.86 billion, a P/E ratio of 16.25, a price-to-earnings-growth ratio of 2.63 and a beta of 0.04. Definity Financial has a fifty-two week low of C$42.11 and a fifty-two week high of C$79.06. The business has a 50-day moving average of C$67.64 and a 200 day moving average of C$62.13.

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.