Definity Financial (TSE:DFY) Given New C$63.00 Price Target at UBS Group

Definity Financial (TSE:DFY - Get Free Report) had its price target raised by equities research analysts at UBS Group from C$58.00 to C$63.00 in a note issued to investors on Tuesday,BayStreet.CA reports. UBS Group's price target indicates a potential upside of 7.53% from the company's previous close.

Several other equities research analysts also recently commented on DFY. BMO Capital Markets boosted their target price on shares of Definity Financial from C$53.00 to C$57.00 in a research report on Monday, November 11th. Raymond James lowered Definity Financial from an "outperform" rating to a "market perform" rating and boosted their price objective for the stock from C$53.00 to C$55.00 in a report on Tuesday, November 12th. TD Securities raised their target price on Definity Financial from C$60.00 to C$71.00 and gave the company a "hold" rating in a report on Friday, February 14th. Cormark downgraded Definity Financial from a "moderate buy" rating to a "hold" rating in a report on Wednesday, October 30th. Finally, Scotiabank downgraded Definity Financial from a "strong-buy" rating to a "hold" rating in a report on Monday, November 11th. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of C$59.27.

Definity Financial Stock Down 1.3 %

DFY traded down C$0.79 during midday trading on Tuesday, hitting C$58.59. The company had a trading volume of 186,068 shares, compared to its average volume of 113,701. Definity Financial has a 52 week low of C$41.97 and a 52 week high of C$64.14. The company has a market capitalization of C$6.76 billion, a price-to-earnings ratio of 12.40, a PEG ratio of 2.63 and a beta of 0.04. The stock's 50 day moving average price is C$57.98 and its 200 day moving average price is C$55.15.

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.