Definity Financial (TSE:DFY) Stock Price Expected to Rise, TD Securities Analyst Says

Key Points

• TD Securities has increased the target price for Definity Financial (TSE:DFY) from C$80.00 to C$81.00, suggesting a potential upside of 9.71% from its current price.
• Definity Financial has received a mix of ratings from various analysts, with a consensus average rating of "Hold" and a consensus price target of C$74.20.
• The stock is currently trading at C$73.83, having experienced a 1.1% decline during midday trading, with a market cap of C$8.52 billion.

Definity Financial (TSE:DFY - Get Free Report) had its price target raised by equities researchers at TD Securities from C$80.00 to C$81.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has a "hold" rating on the stock. TD Securities' price target would indicate a potential upside of 8.81% from the stock's current price.

Other equities analysts have also recently issued research reports about the company. Jefferies Financial Group lowered their price target on Definity Financial from C$62.00 to C$58.00 in a report on Monday, April 21st. BMO Capital Markets boosted their price objective on Definity Financial from C$63.00 to C$64.00 in a research report on Monday, May 12th. Desjardins upgraded Definity Financial to a "hold" rating in a research report on Wednesday, June 11th. Raymond James Financial boosted their price objective on Definity Financial from C$65.00 to C$74.00 and gave the stock a "market perform" rating in a research report on Thursday, June 12th. Finally, National Bankshares upped their price target on Definity Financial from C$90.00 to C$92.00 and gave the company an "outperform" rating in a research report on Tuesday, July 29th. Six 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 stock currently has a consensus rating of "Hold" and a consensus price target of C$74.20.

Definity Financial Price Performance

DFY traded up C$0.65 during trading on Friday, hitting C$74.44. The stock had a trading volume of 44,328 shares, compared to its average volume of 171,256. The company has a 50 day moving average price of C$76.34 and a 200-day moving average price of C$67.35. The firm has a market cap of C$8.59 billion, a price-to-earnings ratio of 15.76, a P/E/G ratio of 2.63 and a beta of 0.04. Definity Financial has a one year low of C$47.10 and a one year 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.