Definity Financial (TSE:DFY) Hits New 1-Year High – Here’s What Happened

Shares of Definity Financial Co. (TSE:DFY) hit a new 52-week high on Monday . The company traded as high as C$64.16 and last traded at C$63.94, with a volume of 256059 shares changing hands. The stock had previously closed at C$62.77.

Analyst Ratings Changes

DFY has been the topic of a number of research reports. Raymond James increased their price objective on shares of Definity Financial from C$55.00 to C$62.00 in a research note on Tuesday, February 18th. UBS Group raised their price objective on shares of Definity Financial from C$58.00 to C$63.00 in a research note on Tuesday, February 18th. CIBC increased their target price on Definity Financial from C$59.00 to C$66.00 in a report on Tuesday, February 18th. TD Securities upped their price objective on Definity Financial from C$60.00 to C$71.00 and gave the company a “hold” rating in a research report on Friday, February 14th. Finally, Scotiabank boosted their target price on shares of Definity Financial from C$60.00 to C$61.00 in a research note on Tuesday, February 18th. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$59.27.

Definity Financial Stock Performance

The company’s fifty day moving average price is C$60.04 and its two-hundred day moving average price is C$57.19. The firm has a market capitalization of C$7.38 billion, a PE ratio of 13.54, a price-to-earnings-growth 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.