TD Securities Raises Definity Financial (TSE:DFY) Price Target to C$81.00

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 target price upped by equities research analysts at TD Securities from C$80.00 to C$81.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a "hold" rating on the stock. TD Securities' price objective suggests a potential upside of 9.71% from the company's current price.

DFY has been the subject of several other research reports. Jefferies Financial Group reduced their price objective on shares of Definity Financial from C$62.00 to C$58.00 in a report on Monday, April 21st. Scotiabank boosted their price target on shares of Definity Financial from C$65.00 to C$76.00 in a research report on Wednesday, June 11th. Desjardins raised Definity Financial to a "hold" rating in a research note on Wednesday, June 11th. BMO Capital Markets boosted their price objective on Definity Financial from C$63.00 to C$64.00 in a research note on Monday, May 12th. Finally, Cormark raised Definity Financial from a "hold" rating to a "moderate buy" rating in a research note on Wednesday, June 11th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Definity Financial has an average rating of "Hold" and a consensus price target of C$74.20.

Definity Financial Trading Down 1.1%

Definity Financial stock traded down C$0.82 during midday trading on Friday, reaching C$73.83. 121,031 shares of the stock traded hands, compared to its average volume of 171,350. The firm has a fifty day moving average price of C$76.13 and a two-hundred day moving average price of C$66.90. Definity Financial has a fifty-two week low of C$47.10 and a fifty-two week high of C$79.95. The firm has a market cap of C$8.52 billion, a price-to-earnings ratio of 15.63, 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.

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