Definity Financial (TSE:DFY) Price Target Raised to C$63.00

Definity Financial (TSE:DFY) had its price target raised by analysts at UBS Group from C$58.00 to C$63.00 in a report issued on Tuesday,BayStreet.CA reports. UBS Group’s target price points to a potential upside of 4.30% from the company’s previous close.

Several other research analysts have also commented on DFY. Cormark lowered Definity Financial from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, October 30th. TD Securities lifted their target price on Definity Financial from C$60.00 to C$71.00 and gave the company a “hold” rating in a report on Friday. Scotiabank lowered Definity Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. BMO Capital Markets lifted their target price on Definity Financial from C$53.00 to C$57.00 in a report on Monday, November 11th. Finally, National Bankshares lifted their target price on Definity Financial from C$62.00 to C$65.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Definity Financial currently has a consensus rating of “Hold” and an average target price of C$59.27.

Definity Financial Stock Performance

Shares of DFY traded down C$1.26 during midday trading on Tuesday, hitting C$60.40. 81,201 shares of the stock were exchanged, compared to its average volume of 109,936. Definity Financial has a 52-week low of C$41.61 and a 52-week high of C$64.14. The stock has a fifty day simple moving average of C$57.92 and a 200 day simple moving average of C$54.88. The firm has a market cap of C$6.97 billion, a P/E 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.