Definity Financial (TSE:DFY) Given New C$58.00 Price Target at Jefferies Financial Group

Definity Financial (TSE:DFY - Get Free Report) had its price objective cut by analysts at Jefferies Financial Group from C$62.00 to C$58.00 in a research report issued on Monday,BayStreet.CA reports. Jefferies Financial Group's price objective indicates a potential downside of 8.14% from the stock's current price.

Several other research analysts have also commented on the stock. Raymond James increased their price target on shares of Definity Financial from C$55.00 to C$62.00 in a research note on Tuesday, February 18th. Scotiabank boosted their price target on Definity Financial from C$60.00 to C$61.00 in a research report on Tuesday, February 18th. CIBC raised their price objective on Definity Financial from C$59.00 to C$66.00 in a research note on Tuesday, February 18th. UBS Group upped their target price on Definity Financial from C$58.00 to C$63.00 in a research report on Tuesday, February 18th. Finally, TD Securities lifted their price target 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 analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Definity Financial presently has an average rating of "Hold" and an average target price of C$60.64.

Definity Financial Stock Performance

Shares of Definity Financial stock traded down C$1.33 during trading on Monday, hitting C$63.14. 27,576 shares of the stock traded hands, compared to its average volume of 185,042. The stock has a market cap of C$7.28 billion, a P/E ratio of 13.37, a PEG ratio of 2.63 and a beta of 0.04. The company has a fifty day moving average price of C$61.51 and a two-hundred day moving average price of C$58.39. Definity Financial has a twelve month low of C$41.97 and a twelve month high of C$65.75.

Definity Financial Company Profile

Definity Financial Corp is a multi-channel, property, and casualty insurance company. It offers auto, property, liability, and pet insurance products to individual customers.

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