Definity Financial (TSE:DFY) Price Target Raised to C$63.00 at UBS Group

Definity Financial (TSE:DFY) had its price objective increased by stock analysts at UBS Group from C$58.00 to C$63.00 in a report issued on Tuesday,BayStreet.CA reports. UBS Group’s price objective indicates a potential upside of 4.30% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the company. Raymond James cut Definity Financial from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from C$53.00 to C$55.00 in a report on Tuesday, November 12th. BMO Capital Markets boosted their target price on Definity Financial from C$53.00 to C$57.00 in a report on Monday, November 11th. TD Securities lifted their price target on shares of Definity Financial from C$60.00 to C$71.00 and gave the stock a “hold” rating in a research report on Friday. National Bankshares lifted their price target on shares of Definity Financial from C$62.00 to C$65.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, Scotiabank cut shares of Definity Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Definity Financial currently has an average rating of “Hold” and an average target price of C$59.27.

Definity Financial Stock Performance

Shares of DFY traded down C$1.26 during trading hours on Tuesday, hitting C$60.40. The stock had a trading volume of 81,201 shares, compared to its average volume of 109,936. The company’s fifty day simple moving average is C$57.92 and its 200 day simple moving average is C$54.88. Definity Financial has a 12-month low of C$41.61 and a 12-month high of C$64.14. The firm has a market cap of C$6.97 billion, a P/E ratio of 12.79, a P/E/G ratio of 2.63 and a beta of 0.04.

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.