Definity Financial (TSE:DFY) Shares Down 0.1% – What’s Next?

Definity Financial Co. (TSE:DFY) shares were down 0.1% during trading on Monday . The company traded as low as C$59.71 and last traded at C$59.84. Approximately 196,112 shares were traded during mid-day trading, an increase of 14% from the average daily volume of 172,567 shares. The stock had previously closed at C$59.89.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DFY. TD Securities raised their target price on shares of Definity Financial from C$60.00 to C$71.00 and gave the company a “hold” rating in a research note on Friday, February 14th. CIBC increased 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 raised their price objective on Definity Financial from C$60.00 to C$61.00 in a report on Tuesday, February 18th. UBS Group increased their price target on Definity Financial from C$58.00 to C$63.00 in a research report on Tuesday, February 18th. Finally, Raymond James increased their price objective on Definity Financial from C$55.00 to C$62.00 in a report on Tuesday, February 18th. Nine research 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, the stock presently has an average rating of “Hold” and a consensus price target of C$59.27.

Definity Financial Stock Performance

The company has a market cap of C$7.09 billion, a price-to-earnings ratio of 13.02, a PEG ratio of 2.63 and a beta of 0.04. The business has a fifty day moving average price of C$59.57 and a 200 day moving average price of C$56.94.

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.