Jefferies Financial Group Has Lowered Expectations for Definity Financial (TSE:DFY) Stock Price

Definity Financial (TSE:DFY - Free Report) had its price objective decreased by Jefferies Financial Group from C$62.00 to C$58.00 in a report published on Monday morning,BayStreet.CA reports.

Other research analysts have also recently issued reports about the stock. Raymond James lifted their price target on shares of Definity Financial from C$55.00 to C$62.00 in a research report on Tuesday, February 18th. Scotiabank raised their price target on shares of Definity Financial from C$60.00 to C$61.00 in a research report on Tuesday, February 18th. TD Securities increased their target price on Definity Financial from C$60.00 to C$71.00 and gave the stock a "hold" rating in a report on Friday, February 14th. CIBC raised their price target on shares of Definity Financial from C$59.00 to C$66.00 in a research report on Tuesday, February 18th. Finally, UBS Group increased their target price on Definity Financial from C$58.00 to C$63.00 in a research report on Tuesday, February 18th. Nine analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of C$62.45.

Definity Financial Trading Down 1.2 %

Shares of TSE DFY traded down C$0.78 during midday trading on Monday, reaching C$65.83. 99,171 shares of the stock were exchanged, compared to its average volume of 182,212. The stock has a 50 day moving average price of C$61.88 and a 200-day moving average price of C$58.73. The company has a market capitalization of C$7.59 billion, a P/E ratio of 13.94, a P/E/G ratio of 2.63 and a beta of 0.04. Definity Financial has a 52-week low of C$41.97 and a 52-week high of C$66.93.

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.