Definity Financial Co. (TSE:DFY) Receives Consensus Rating of “Hold” from Analysts

Shares of Definity Financial Co. (TSE:DFY) have been assigned an average rating of “Hold” from the eleven research firms that are currently covering the firm, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is C$59.27.

Several equities analysts have recently issued reports on DFY shares. CIBC lifted their price objective on shares of Definity Financial from C$59.00 to C$66.00 in a research note on Tuesday, February 18th. Scotiabank lifted their target price on shares of Definity Financial from C$60.00 to C$61.00 in a research report on Tuesday, February 18th. BMO Capital Markets lifted their target price on shares of Definity Financial from C$53.00 to C$57.00 in a research report on Monday, November 11th. UBS Group lifted their target price on shares of Definity Financial from C$58.00 to C$63.00 in a research report on Tuesday, February 18th. Finally, TD Securities lifted their target price on shares of Definity Financial from C$60.00 to C$71.00 and gave the stock a “hold” rating in a research report on Friday, February 14th.

Definity Financial Price Performance

Shares of DFY opened at C$62.43 on Monday. The firm’s 50 day moving average is C$58.72 and its 200-day moving average is C$56.05. The stock has a market capitalization of C$7.20 billion, a P/E ratio of 13.22, a P/E/G ratio of 2.63 and a beta of 0.04. Definity Financial has a 12-month low of C$41.97 and a 12-month high of C$64.14.

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.