Definity Financial (TSE:DFY) Raised to "Hold" at Desjardins

Desjardins upgraded shares of Definity Financial (TSE:DFY - Free Report) to a hold rating in a research note published on Wednesday morning,Zacks.com reports. Desjardins also issued estimates for Definity Financial's Q2 2025 earnings at $0.75 EPS, Q3 2025 earnings at $0.77 EPS, Q4 2025 earnings at $0.88 EPS, FY2025 earnings at $3.06 EPS and FY2026 earnings at $3.52 EPS.

A number of other brokerages have also commented on DFY. CIBC increased their price target on Definity Financial from C$66.00 to C$70.00 in a research note on Friday, April 25th. Cormark raised Definity Financial from a "hold" rating to a "moderate buy" rating in a research note on Wednesday. UBS Group increased their price target on Definity Financial from C$58.00 to C$63.00 in a research note on Tuesday, February 18th. TD Securities increased their price target on Definity Financial from C$72.00 to C$78.00 and gave the company a "hold" rating in a research note on Wednesday. Finally, National Bankshares set a C$90.00 price target on Definity Financial and gave the company an "outperform" rating in a research note on Wednesday. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of C$69.27.

Definity Financial Stock Up 1.4%

Definity Financial stock traded up C$1.05 during midday trading on Wednesday, reaching C$77.81. 164,082 shares of the stock traded hands, compared to its average volume of 183,846. The stock's fifty day moving average is C$68.32 and its 200-day moving average is C$62.42. Definity Financial has a 12 month low of C$42.11 and a 12 month high of C$79.06. The stock 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.

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.