Definity Financial (TSE:DFY) Hits New 52-Week High - Time to Buy?

Definity Financial Co. (TSE:DFY - Get Free Report) shares hit a new 52-week high during trading on Tuesday . The company traded as high as C$62.10 and last traded at C$61.12, with a volume of 89735 shares trading hands. The stock had previously closed at C$61.94.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DFY. BMO Capital Markets raised their price objective on Definity Financial from C$53.00 to C$57.00 in a research note on Monday, November 11th. National Bankshares raised their price target on shares of Definity Financial from C$62.00 to C$65.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Cormark cut shares of Definity Financial from a "moderate buy" rating to a "hold" rating in a report on Wednesday, October 30th. Scotiabank downgraded shares of Definity Financial from a "strong-buy" rating to a "hold" rating in a research note on Monday, November 11th. Finally, TD Securities boosted their target price on shares of Definity Financial from C$60.00 to C$71.00 and gave the stock a "hold" rating in a research report on Friday. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Definity Financial currently has an average rating of "Hold" and a consensus price target of C$55.90.

Definity Financial Trading Down 2.1 %

The firm has a market cap of C$7.11 billion, a P/E ratio of 13.05, a P/E/G ratio of 2.63 and a beta of 0.04. The business's 50-day moving average is C$57.89 and its two-hundred day moving average is C$54.72.

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.