TD Securities Issues Positive Forecast for Definity Financial (TSE:DFY) Stock Price

Definity Financial (TSE:DFY) had its target price boosted by equities researchers at TD Securities from C$60.00 to C$71.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. TD Securities’ price objective indicates a potential upside of 13.82% from the stock’s current price.

Several other equities research analysts have also recently issued reports on DFY. Raymond James cut shares of Definity Financial from an “outperform” rating to a “market perform” rating and raised their price target for the stock from C$53.00 to C$55.00 in a research note on Tuesday, November 12th. BMO Capital Markets increased their price objective on shares of Definity Financial from C$53.00 to C$57.00 in a report on Monday, November 11th. Scotiabank lowered shares of Definity Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. National Bankshares increased their price objective on shares of Definity Financial from C$62.00 to C$65.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, Cormark lowered shares of Definity Financial from a “moderate buy” rating to a “hold” rating in a report on Wednesday, October 30th. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Definity Financial has a consensus rating of “Hold” and an average target price of C$55.90.

Definity Financial Trading Down 1.0 %

Shares of Definity Financial stock traded down C$0.62 during mid-day trading on Friday, hitting C$62.38. 119,492 shares of the stock were exchanged, compared to its average volume of 107,881. Definity Financial has a twelve month low of C$39.34 and a twelve month high of C$64.14. The stock has a market capitalization of C$7.20 billion, a price-to-earnings ratio of 13.21, a price-to-earnings-growth ratio of 2.63 and a beta of 0.04. The company has a 50-day simple moving average of C$57.84 and a 200 day simple moving average of C$54.67.

About Definity Financial

Definity Financial Corporation, together with its subsidiaries, offers property and casualty insurance products in Canada. It provides personal insurance products, including auto, property, general and umbrella liability, and pet insurance products to individuals under the Economical, Sonnet, Family, Petsecure, and Peppermint brands; and commercial insurance products, which include fleet, commercial auto, property, liability, and specialty insurance products to businesses under the Definity Insurance and Economical brand name.