Definity Financial (TSE:DFY) Hits New 52-Week High - Still a Buy?

Definity Financial Co. (TSE:DFY - Get Free Report) hit a new 52-week high on Monday . The company traded as high as C$64.16 and last traded at C$63.94, with a volume of 256059 shares changing hands. The stock had previously closed at C$62.77.

Analysts Set New Price Targets

DFY has been the topic of several recent research reports. TD Securities upped their price target on Definity Financial from C$60.00 to C$71.00 and gave the stock a "hold" rating in a research note on Friday, February 14th. CIBC increased their target price on Definity Financial from C$59.00 to C$66.00 in a research note on Tuesday, February 18th. UBS Group upped their price target on shares of Definity Financial from C$58.00 to C$63.00 in a research note on Tuesday, February 18th. Raymond James increased their price objective on shares of Definity Financial from C$55.00 to C$62.00 in a research report on Tuesday, February 18th. Finally, Scotiabank upped their target price on shares of Definity Financial from C$60.00 to C$61.00 in a research note on Tuesday, February 18th. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, Definity Financial currently has an average rating of "Hold" and an average target price of C$59.27.

Definity Financial Stock Performance

The company's 50-day moving average price is C$60.70 and its 200 day moving average price is C$57.60. The stock has a market cap of C$7.05 billion, a PE ratio of 12.93, a price-to-earnings-growth 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.