Definity Financial (TSE:DFY) Price Target Lowered to C$51.00 at Scotiabank

Definity Financial (TSE:DFY - Get Free Report) had its price objective reduced by stock analysts at Scotiabank from C$52.00 to C$51.00 in a report released on Thursday, BayStreet.CA reports. The firm presently has a "sector perform" rating on the stock. Scotiabank's target price would suggest a potential upside of 3.62% from the company's current price.

A number of other analysts have also commented on DFY. Royal Bank of Canada lifted their price target on shares of Definity Financial from C$58.00 to C$61.00 in a research note on Friday, August 2nd. Cibc World Mkts downgraded shares of Definity Financial from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 6th. Desjardins boosted their price objective on shares of Definity Financial from C$47.00 to C$52.00 and gave the company a "hold" rating in a research report on Tuesday, August 6th. Jefferies Financial Group decreased their target price on Definity Financial from C$44.00 to C$43.00 and set a "hold" rating on the stock in a report on Monday, May 13th. Finally, Cormark lifted their target price on Definity Financial from C$49.00 to C$51.00 in a research report on Friday, July 26th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of C$52.60.

Definity Financial Stock Down 2.1 %

DFY stock traded down C$1.04 on Thursday, reaching C$49.22. 102,751 shares of the company traded hands, compared to its average volume of 98,212. The firm has a fifty day simple moving average of C$46.40 and a 200-day simple moving average of C$44.83. The company has a market cap of C$5.65 billion, a P/E ratio of 14.81, a price-to-earnings-growth ratio of 2.63 and a beta of 0.01. Definity Financial has a one year low of C$35.48 and a one year high of C$50.65. The company has a debt-to-equity ratio of 6.38, a current ratio of 7.68 and a quick ratio of 0.31.

About Definity Financial

Definity Financial Corporation, together with its subsidiaries, offers property and casualty insurance products in Canada. It provides personal insurance products, including auto, property, general and umbrella liability, and pet insurance products to individuals under the Economical, Sonnet, Family, Petsecure, and Peppermint brands; and commercial insurance products, which include fleet, commercial auto, property, liability, and specialty insurance products to businesses under the Definity Insurance and Economical brand name.