Definity Financial (TSE:DFY) Trading Down 0.1% - What's Next?

Shares of Definity Financial Co. (TSE:DFY - Get Free Report) dropped 0.1% on Monday . The stock traded as low as C$59.71 and last traded at C$59.84. Approximately 196,112 shares changed hands during trading, an increase of 14% from the average daily volume of 172,567 shares. The stock had previously closed at C$59.89.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DFY. CIBC upped their target price on shares of Definity Financial from C$59.00 to C$66.00 in a research note on Tuesday, February 18th. Raymond James upped their price objective on Definity Financial from C$55.00 to C$62.00 in a research note on Tuesday, February 18th. UBS Group lifted their target price on Definity Financial from C$58.00 to C$63.00 in a research report on Tuesday, February 18th. TD Securities upped their price target 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 lifted their price objective on shares of Definity Financial from C$60.00 to C$61.00 in a report on Tuesday, February 18th. Nine investment 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, the company presently has an average rating of "Hold" and an average price target of C$59.27.

Definity Financial Stock Up 0.8 %

The firm's 50-day moving average price is C$59.87 and its 200 day moving average price is C$57.11. The firm has a market cap of C$7.24 billion, a P/E ratio of 13.29, 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.