Definity Financial (TSE:DFY) Price Target Raised to C$78.00

Definity Financial (TSE:DFY - Get Free Report) had its target price hoisted by TD Securities from C$72.00 to C$78.00 in a research report issued on Wednesday,BayStreet.CA reports. The firm currently has a "hold" rating on the stock. TD Securities' price target points to a potential upside of 0.24% from the company's current price.

DFY has been the subject of a number of other reports. Scotiabank lifted their price objective on shares of Definity Financial from C$61.00 to C$62.00 and gave the stock a "sector perform" rating in a research report on Thursday, April 24th. Raymond James lifted their price objective on shares of Definity Financial from C$55.00 to C$62.00 in a research report on Tuesday, February 18th. Jefferies Financial Group reduced their price objective on shares of Definity Financial from C$62.00 to C$58.00 in a research report on Monday, April 21st. BMO Capital Markets lifted their price objective on shares of Definity Financial from C$63.00 to C$64.00 in a research report on Monday, May 12th. Finally, Desjardins lifted their price objective on shares of Definity Financial from C$64.00 to C$67.00 and gave the stock a "hold" rating in a research report on Thursday, April 24th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of C$69.27.

Definity Financial Stock Up 1.4%

Shares of TSE:DFY traded up C$1.05 during midday trading on Wednesday, hitting C$77.81. The stock had a trading volume of 164,082 shares, compared to its average volume of 183,846. Definity Financial has a 12 month low of C$42.11 and a 12 month high of C$79.06. The business's 50-day simple moving average is C$68.32 and its 200-day simple moving average is C$62.39. The company has a market cap of C$8.98 billion, a P/E ratio of 16.47, 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.