CIBC Reiterates C$80.00 Price Target for Definity Financial (TSE:DFY)

Definity Financial (TSE:DFY - Get Free Report) has been given a C$80.00 target price by analysts at CIBC in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has a "neutral" rating on the stock. CIBC's target price suggests a potential upside of 2.81% from the company's previous close.

Several other research analysts also recently commented on DFY. Raymond James increased their price objective on Definity Financial from C$55.00 to C$62.00 in a research note on Tuesday, February 18th. BMO Capital Markets increased their price objective on Definity Financial from C$63.00 to C$64.00 in a research note on Monday, May 12th. TD Securities increased their price objective on Definity Financial from C$72.00 to C$78.00 and gave the company a "hold" rating in a research note on Wednesday. Scotiabank increased their price objective on Definity Financial from C$65.00 to C$76.00 in a research note on Wednesday. Finally, Jefferies Financial Group reduced their price objective on Definity Financial from C$62.00 to C$58.00 in a research note on Monday, April 21st. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of C$69.27.

Definity Financial Price Performance

TSE DFY traded up C$1.05 during mid-day trading on Thursday, hitting C$77.81. The stock had a trading volume of 164,082 shares, compared to its average volume of 183,846. The firm's 50 day moving average is C$68.32 and its 200 day moving average is C$62.42. Definity Financial has a twelve month low of C$42.11 and a twelve month high of C$79.06. The stock has a market capitalization of C$8.98 billion, a price-to-earnings ratio of 16.47, a PEG ratio of 2.63 and a beta of 0.04.

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.