Definity Financial (TSE:DFY) Price Target Raised to C$73.00 at BMO Capital Markets

Definity Financial (TSE:DFY) had its price objective raised by BMO Capital Markets from C$68.00 to C$73.00 in a research note issued to investors on Monday,BayStreet.CA reports.

Other analysts have also issued reports about the company. CIBC lowered their target price on Definity Financial from C$80.00 to C$74.00 and set a “neutral” rating for the company in a research note on Thursday, October 23rd. Scotiabank raised their price objective on shares of Definity Financial from C$92.00 to C$93.00 in a research report on Friday. Desjardins reduced their target price on shares of Definity Financial from C$80.00 to C$70.00 and set a “hold” rating on the stock in a research report on Friday, October 24th. National Bankshares raised their price target on shares of Definity Financial from C$92.00 to C$93.00 in a report on Monday. Finally, TD Securities upgraded shares of Definity Financial from a “hold” rating to a “buy” rating and boosted their price objective for the stock from C$74.00 to C$80.00 in a research report on Friday. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Definity Financial presently has an average rating of “Hold” and an average target price of C$76.50.

Definity Financial Price Performance

TSE DFY opened at C$69.31 on Monday. The stock’s 50 day simple moving average is C$69.73 and its 200 day simple moving average is C$71.99. Definity Financial has a one year low of C$52.75 and a one year high of C$79.95. The firm has a market cap of C$8.31 billion, a PE ratio of 20.81, a price-to-earnings-growth ratio of 2.63 and a beta of -0.15.

Insider Buying and Selling

In other Definity Financial news, insider Liam Michael Mcfarlane sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of C$73.58, for a total value of C$257,530.00. Following the transaction, the insider directly owned 7,669 shares of the company’s stock, valued at approximately C$564,285.02. This trade represents a 31.34% decrease in their ownership of the stock. Also, Director Sonia Baxendale bought 500 shares of the company’s stock in a transaction on Tuesday, August 26th. The shares were acquired at an average price of C$69.00 per share, with a total value of C$34,500.00. Following the transaction, the director directly owned 750 shares in the company, valued at approximately C$51,750. The trade was a 200.00% increase in their position. Insiders own 0.50% of the company’s stock.

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.