Definity Financial Co. (TSE:DFY) Receives C$54.70 Consensus PT from Analysts

Definity Financial Co. (TSE:DFY) has received a consensus recommendation of “Hold” from the eleven brokerages that are currently covering the company, MarketBeat.com reports. Nine research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$54.70.

A number of analysts recently commented on the stock. Raymond James cut shares of Definity Financial from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from C$53.00 to C$55.00 in a research note on Tuesday, November 12th. Scotiabank lowered shares of Definity Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. TD Securities upped their target price on Definity Financial from C$58.00 to C$59.00 and gave the company a “hold” rating in a research report on Friday, November 8th. National Bankshares lifted their price target on 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. Finally, Cormark lowered Definity Financial from a “moderate buy” rating to a “hold” rating in a report on Wednesday, October 30th.

Definity Financial Price Performance

Shares of TSE DFY opened at C$61.54 on Thursday. Definity Financial has a fifty-two week low of C$37.83 and a fifty-two week high of C$62.24. The company has a market cap of C$7.07 billion, a PE ratio of 18.59, a P/E/G ratio of 2.63 and a beta of 0.04. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.31 and a current ratio of 7.68. The business has a 50-day simple moving average of C$57.75 and a two-hundred day simple moving average of C$54.57.

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.