Definity Financial (TSE:DFY) Reaches New 12-Month High - Here's Why

Definity Financial Co. (TSE:DFY - Get Free Report) shares hit a new 52-week high on Wednesday . The company traded as high as C$67.73 and last traded at C$67.72, with a volume of 123359 shares trading hands. The stock had previously closed at C$66.58.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Desjardins raised their price target on Definity Financial from C$64.00 to C$67.00 and gave the stock a "hold" rating in a research note on Thursday, April 24th. CIBC raised their target price on Definity Financial from C$66.00 to C$70.00 in a research report on Friday, April 25th. UBS Group upped their price target on shares of Definity Financial from C$58.00 to C$63.00 in a research report on Tuesday, February 18th. TD Securities increased their price target on shares of Definity Financial from C$60.00 to C$71.00 and gave the stock a "hold" rating in a research report on Friday, February 14th. Finally, Jefferies Financial Group cut their price objective on shares of Definity Financial from C$62.00 to C$58.00 in a research report on Monday, April 21st. Nine analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of C$63.36.

Definity Financial Stock Down 0.2 %

The firm has a market capitalization of C$7.88 billion, a P/E ratio of 14.46, a PEG ratio of 2.63 and a beta of 0.04. The stock has a fifty day simple moving average of C$62.72 and a 200 day simple moving average of C$59.30.

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.