Definity Financial Co. (TSE:DFY) Given Average Rating of “Hold” by Brokerages

Shares of Definity Financial Co. (TSE:DFY) have received a consensus recommendation of “Hold” from the eleven analysts that are covering the firm, Marketbeat.com reports. Nine equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$59.27.

DFY has been the topic of a number of analyst reports. UBS Group increased their target price on shares of Definity Financial from C$58.00 to C$63.00 in a research report on Tuesday, February 18th. TD Securities increased their price target on 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. Raymond James lifted their price objective on Definity Financial from C$55.00 to C$62.00 in a report on Tuesday, February 18th. Scotiabank upped their target price on Definity Financial from C$60.00 to C$61.00 in a research report on Tuesday, February 18th. Finally, CIBC raised their price target on Definity Financial from C$59.00 to C$66.00 in a research report on Tuesday, February 18th.

Definity Financial Stock Performance

TSE:DFY opened at C$62.29 on Friday. Definity Financial has a 52 week low of C$41.97 and a 52 week high of C$64.14. The firm’s 50-day simple moving average is C$59.87 and its 200 day simple moving average is C$57.11. The firm has a market cap of C$7.19 billion, a price-to-earnings ratio of 13.19, 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.