Definity Financial (TSE:DFY) Price Target Raised to C$66.00

Definity Financial (TSE:DFY - Free Report) had its price objective increased by CIBC from C$59.00 to C$66.00 in a research note issued to investors on Tuesday morning,BayStreet.CA reports.

A number of other research analysts have also weighed in on DFY. BMO Capital Markets raised their price target on shares of Definity Financial from C$53.00 to C$57.00 in a research note on Monday, November 11th. Raymond James boosted their price target on Definity Financial from C$55.00 to C$62.00 in a research report on Tuesday. Scotiabank increased their price objective on Definity Financial from C$60.00 to C$61.00 in a research note on Tuesday. National Bankshares lifted their target price on shares of Definity Financial from C$62.00 to C$65.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Finally, TD Securities increased 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 report on Friday, February 14th. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of C$59.27.

Definity Financial Price Performance

TSE DFY traded down C$0.79 on Tuesday, hitting C$58.59. The company had a trading volume of 186,068 shares, compared to its average volume of 113,701. The company's fifty day moving average price is C$57.98 and its 200-day moving average price is C$55.15. The company has a market capitalization of C$6.76 billion, a PE ratio of 12.40, a PEG 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.