Definity Financial (TSE:DFY) Price Target Raised to C$62.00

Definity Financial (TSE:DFY) had its price target boosted by analysts at Raymond James from C$55.00 to C$62.00 in a research report issued on Tuesday,BayStreet.CA reports. Raymond James’ price objective would suggest a potential upside of 2.65% from the stock’s current price.

DFY has been the topic of a number of other research reports. Scotiabank upped their price objective on Definity Financial from C$60.00 to C$61.00 in a research report on Tuesday. TD Securities upped their price objective on Definity Financial from C$60.00 to C$71.00 and gave the stock a “hold” rating in a research report on Friday. BMO Capital Markets upped their price objective on Definity Financial from C$53.00 to C$57.00 in a research report on Monday, November 11th. National Bankshares upped their price objective on Definity Financial from C$62.00 to C$65.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, UBS Group increased their target price on Definity Financial from C$58.00 to C$63.00 in a report on Tuesday. Nine investment 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 presently has an average rating of “Hold” and an average price target of C$59.27.

Definity Financial Price Performance

DFY traded down C$1.26 during trading hours on Tuesday, reaching C$60.40. The company’s stock had a trading volume of 81,201 shares, compared to its average volume of 109,936. The business’s 50-day moving average is C$57.92 and its 200-day moving average is C$54.88. Definity Financial has a fifty-two week low of C$41.61 and a fifty-two week high of C$64.14. The stock has a market cap of C$6.97 billion, a PE ratio of 12.79, 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.