Definity Financial Co. (TSE:DFY) Given Average Rating of “Hold” by Analysts

Definity Financial Co. (TSE:DFY) has received a consensus recommendation of “Hold” from the eleven brokerages that are covering the company, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$59.27.

Several brokerages have recently issued reports on DFY. UBS Group boosted their price target on shares of Definity Financial from C$58.00 to C$63.00 in a report on Tuesday, February 18th. Scotiabank raised their target price on Definity Financial from C$60.00 to C$61.00 in a research report on Tuesday, February 18th. CIBC boosted their price target on Definity Financial from C$59.00 to C$66.00 in a research report on Tuesday, February 18th. Raymond James raised their price target on Definity Financial from C$55.00 to C$62.00 in a report on Tuesday, February 18th. Finally, TD Securities lifted their price objective on shares of Definity Financial from C$60.00 to C$71.00 and gave the company a “hold” rating in a research note on Friday, February 14th.

Definity Financial Trading Up 1.4 %

Shares of TSE DFY opened at C$64.82 on Friday. Definity Financial has a 12-month low of C$41.97 and a 12-month high of C$65.03. The company has a market cap of C$7.48 billion, a price-to-earnings ratio of 13.72, a price-to-earnings-growth ratio of 2.63 and a beta of 0.04. The stock’s 50 day simple moving average is C$60.41 and its 200 day simple moving average is C$57.39.

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.