Definity Financial Co. (TSE:DFY) Receives Average Rating of “Hold” from Brokerages

Shares of Definity Financial Co. (TSE:DFY) have been given an average rating of “Hold” by the eleven research firms that are currently covering the company, Marketbeat.com reports. Nine research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$59.27.

A number of analysts have recently issued reports on the company. Scotiabank lifted their price target on Definity Financial from C$60.00 to C$61.00 in a research report on Tuesday, February 18th. TD Securities lifted their target price on shares of 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. Raymond James increased their price target on shares of Definity Financial from C$55.00 to C$62.00 in a report on Tuesday, February 18th. CIBC lifted their price objective on shares of Definity Financial from C$59.00 to C$66.00 in a report on Tuesday, February 18th. Finally, UBS Group increased their target price on Definity Financial from C$58.00 to C$63.00 in a research note on Tuesday, February 18th.

Definity Financial Stock Performance

TSE:DFY opened at C$63.40 on Friday. Definity Financial has a 52-week low of C$41.97 and a 52-week high of C$65.75. The stock has a fifty day moving average of C$60.70 and a 200 day moving average of C$57.60. The firm has a market capitalization of C$7.31 billion, a price-to-earnings ratio of 13.42, a P/E/G 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.