Definity Financial (TSE:DFY) Hits New 12-Month High - What's Next?

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

Analysts Set New Price Targets

Several brokerages recently weighed in on DFY. TD Securities raised their target price on Definity Financial from C$60.00 to C$71.00 and gave the company a "hold" rating in a research note on Friday, February 14th. 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 note on Thursday, April 24th. UBS Group boosted their target price on shares of Definity Financial from C$58.00 to C$63.00 in a report on Tuesday, February 18th. Scotiabank raised their target price on shares of Definity Financial from C$61.00 to C$62.00 and gave the stock a "sector perform" rating in a report on Thursday, April 24th. Finally, Jefferies Financial Group dropped their price target on Definity Financial from C$62.00 to C$58.00 in a report on Monday, April 21st. Nine analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of C$63.36.

Definity Financial Price Performance

The company has a market cap of C$7.89 billion, a PE ratio of 14.48, a price-to-earnings-growth ratio of 2.63 and a beta of 0.04. The stock has a fifty day moving average price of C$62.72 and a 200-day moving average price of C$59.23.

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.