Definity Financial Co. (TSE:DFY) Receives Average Recommendation of "Hold" from Brokerages

Definity Financial Co. (TSE:DFY - Get Free Report) has been assigned a consensus rating of "Hold" from the eleven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is C$59.27.

Several equities research analysts have recently commented on DFY shares. Raymond James boosted their target price on shares of Definity Financial from C$55.00 to C$62.00 in a research report on Tuesday, February 18th. CIBC boosted their price objective on Definity Financial from C$59.00 to C$66.00 in a report on Tuesday, February 18th. UBS Group increased their price objective on Definity Financial from C$58.00 to C$63.00 in a research note on Tuesday, February 18th. 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 research report on Friday, February 14th. Finally, Scotiabank increased their price target on Definity Financial from C$60.00 to C$61.00 in a research report on Tuesday, February 18th.

Definity Financial Stock Up 1.9 %

DFY stock traded up C$1.17 during midday trading on Friday, reaching C$63.94. 269,853 shares of the company's stock traded hands, compared to its average volume of 182,347. The firm's fifty day moving average price is C$60.23 and its 200-day moving average price is C$57.29. Definity Financial has a 52 week low of C$41.97 and a 52 week high of C$64.16. The company has a market cap of C$7.38 billion, a price-to-earnings ratio of 13.54, 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.