National Bankshares Increases Definity Financial (TSE:DFY) Price Target to C$92.00

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 - Free Report) had its price target lifted by National Bankshares from C$90.00 to C$92.00 in a report published on Tuesday,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Several other analysts have also weighed in on DFY. TD Securities raised their price objective on Definity Financial from C$72.00 to C$78.00 and gave the company a "hold" rating in a research note on Wednesday, June 11th. Desjardins raised Definity Financial to a "hold" rating in a research note on Wednesday, June 11th. Cormark raised Definity Financial from a "hold" rating to a "moderate buy" rating in a research note on Wednesday, June 11th. Jefferies Financial Group reduced their price objective on Definity Financial from C$62.00 to C$58.00 in a research note on Monday, April 21st. Finally, BMO Capital Markets raised their price objective on Definity Financial from C$63.00 to C$64.00 in a research note on Monday, May 12th. Six investment 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 has a consensus rating of "Hold" and a consensus target price of C$74.20.

Definity Financial Price Performance

TSE:DFY traded down C$0.86 during trading hours on Tuesday, hitting C$73.79. The company's stock had a trading volume of 231,655 shares, compared to its average volume of 172,146. The stock has a fifty day simple moving average of C$76.24 and a 200-day simple moving average of C$67.03. The company has a market capitalization of C$8.51 billion, a P/E ratio of 15.62, a PEG ratio of 2.63 and a beta of 0.04. Definity Financial has a twelve month low of C$47.10 and a twelve month high of C$79.95.

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.