Definity Financial (TSE:DFY) Sets New 12-Month High – What’s Next?

Definity Financial Co. (TSE:DFY)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$70.15 and last traded at C$70.02, with a volume of 24096 shares changing hands. The stock had previously closed at C$68.87.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. BMO Capital Markets lifted their target price on Definity Financial from C$63.00 to C$64.00 in a research report on Monday, May 12th. UBS Group boosted their price objective on Definity Financial from C$58.00 to C$63.00 in a research report on Tuesday, February 18th. CIBC boosted their price objective on Definity Financial from C$66.00 to C$70.00 in a research report on Friday, April 25th. Desjardins boosted their price objective on Definity Financial from C$64.00 to C$67.00 and gave the stock a “hold” rating in a research report on Thursday, April 24th. Finally, Raymond James boosted their price objective on Definity Financial from C$55.00 to C$62.00 in a research report on Tuesday, February 18th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of C$64.09.

Definity Financial Trading Up 1.4%

The firm has a market cap of C$8.06 billion, a PE ratio of 14.79, a PEG ratio of 2.63 and a beta of 0.04. The business has a fifty day moving average of C$64.75 and a 200-day moving average of C$60.74.

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.