Definity Financial (TSE:DFY) Price Target Raised to C$61.00

Definity Financial (TSE:DFY) had its target price raised by Scotiabank from C$60.00 to C$61.00 in a research note released on Tuesday,BayStreet.CA reports.

DFY has been the subject of several other reports. UBS Group lifted their price target on shares of Definity Financial from C$58.00 to C$63.00 in a report on Tuesday. National Bankshares boosted their target price on shares of Definity Financial from C$62.00 to C$65.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Cormark downgraded shares of Definity Financial from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 30th. TD Securities boosted their target price on shares of Definity Financial from C$60.00 to C$71.00 and gave the stock a “hold” rating in a research note on Friday, February 14th. Finally, BMO Capital Markets boosted their target price on shares of Definity Financial from C$53.00 to C$57.00 in a research note on Monday, November 11th. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$59.27.

Definity Financial Stock Down 1.1 %

Shares of DFY stock opened at C$59.38 on Tuesday. Definity Financial has a 12-month low of C$41.97 and a 12-month high of C$64.14. The company has a market capitalization of C$6.85 billion, a P/E ratio of 12.57, a P/E/G ratio of 2.63 and a beta of 0.04. The firm has a 50-day moving average price of C$57.97 and a 200 day moving average price of C$55.12.

Definity Financial Company Profile

Definity Financial Corp is a multi-channel, property, and casualty insurance company. It offers auto, property, liability, and pet insurance products to individual customers.