National Bankshares Forecasts Strong Price Appreciation for Definity Financial (TSE:DFY) Stock

Key Points

• National Bankshares has increased its target price for Definity Financial (TSE:DFY) from C$90.00 to C$92.00, signaling a potential upside of 17.51% from the stock's previous close.
• Definity Financial's stock currently has a consensus rating of "Hold" among analysts, with multiple recent upgrades and a consensus target price of C$73.90.
• The company's stock performance shows a recent trading price of C$78.29, with a market cap of C$9.03 billion and a PE ratio of 16.58.

Definity Financial (TSE:DFY - Get Free Report) had its target price upped by research analysts at National Bankshares from C$90.00 to C$92.00 in a report issued on Tuesday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. National Bankshares' target price would indicate a potential upside of 17.51% from the stock's previous close.

Several other research analysts have also recently weighed in on DFY. Desjardins upgraded 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 note on Wednesday, June 11th. Jefferies Financial Group lowered their price objective on Definity Financial from C$62.00 to C$58.00 in a research note on Monday, April 21st. Royal Bank Of Canada upgraded Definity Financial to a "moderate buy" rating and set a C$87.00 price objective on the stock in a research note on Wednesday, June 18th. Finally, CIBC set a C$80.00 price objective on Definity Financial and gave the stock a "neutral" rating in a research note on Thursday, June 12th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of C$73.90.

Definity Financial Stock Performance

DFY traded up C$0.79 on Tuesday, hitting C$78.29. 33,655 shares of the company were exchanged, compared to its average volume of 169,143. Definity Financial has a 12 month low of C$46.97 and a 12 month high of C$79.95. The company has a market cap of C$9.03 billion, a PE ratio of 16.58, a PEG ratio of 2.63 and a beta of 0.04. The stock's fifty day moving average is C$75.68 and its 200-day moving average is C$66.61.

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.

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