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Definity Financial (TSE:DFY) Sets New 1-Year High - Here's Why

Definity Financial logo with Financial Services background

Definity Financial Co. (TSE:DFY - Get Free Report) shares reached a new 52-week high on Monday . The company traded as high as C$79.36 and last traded at C$79.03, with a volume of 21202 shares. The stock had previously closed at C$78.30.

Analyst Upgrades and Downgrades

DFY has been the subject of several recent research reports. Desjardins raised shares of Definity Financial to a "hold" rating in a research report on Wednesday, June 11th. Cormark upgraded Definity Financial from a "hold" rating to a "moderate buy" rating in a research report on Wednesday, June 11th. Raymond James Financial lifted their target price on shares of Definity Financial from C$65.00 to C$74.00 and gave the company a "market perform" rating in a research note on Thursday, June 12th. CIBC set a C$80.00 price target on shares of Definity Financial and gave the stock a "neutral" rating in a research report on Thursday, June 12th. Finally, Royal Bank Of Canada upgraded shares of Definity Financial to a "moderate buy" rating and set a C$87.00 target price for the company in a research report on Wednesday, June 18th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of C$71.64.

Check Out Our Latest Stock Report on Definity Financial

Definity Financial Stock Up 1.7%

The company's 50-day moving average is C$71.19 and its two-hundred day moving average is C$63.68. The company has a market cap of C$9.19 billion, a P/E ratio of 16.86, a price-to-earnings-growth ratio of 2.63 and a beta of 0.04.

Definity Financial Company Profile

(Get Free Report)

Definity Financial Corp is a multi-channel, property, and casualty insurance company. It offers auto, property, liability, and pet insurance products to individual customers.

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