CIBC Analysts Give Definity Financial (TSE:DFY) a C$80.00 Price Target

CIBC set a C$80.00 price objective on Definity Financial (TSE:DFY) in a research note released on Thursday morning,BayStreet.CA reports. The brokerage currently has a neutral rating on the stock.

Several other analysts have also recently weighed in on the stock. Jefferies Financial Group dropped their price target on shares of Definity Financial from C$62.00 to C$58.00 in a research note on Monday, April 21st. Desjardins raised shares of Definity Financial to a “hold” rating in a research report on Wednesday. National Bankshares set a C$90.00 price objective on shares of Definity Financial and gave the stock an “outperform” rating in a research report on Wednesday. UBS Group increased their price objective on shares of Definity Financial from C$58.00 to C$63.00 in a research report on Tuesday, February 18th. Finally, BMO Capital Markets raised their price target on shares of Definity Financial from C$63.00 to C$64.00 in a research report on Monday, May 12th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$69.27.

Definity Financial Price Performance

Definity Financial stock opened at C$77.81 on Thursday. The firm has a 50 day simple moving average of C$68.32 and a 200-day simple moving average of C$62.39. Definity Financial has a 1-year low of C$42.11 and a 1-year high of C$79.06. The stock has a market cap of C$8.98 billion, a price-to-earnings ratio of 16.47, 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.