Definity Financial (TSE:DFY) Hits New 12-Month High – Time to Buy?

Definity Financial Co. (TSE:DFY) hit a new 52-week high on Monday . The company traded as high as C$64.16 and last traded at C$63.94, with a volume of 256059 shares trading hands. The stock had previously closed at C$62.77.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. TD Securities lifted their price objective on shares of Definity Financial from C$60.00 to C$71.00 and gave the company a “hold” rating in a report on Friday, February 14th. CIBC increased their price objective on Definity Financial from C$59.00 to C$66.00 in a research note on Tuesday, February 18th. Raymond James lifted their target price on Definity Financial from C$55.00 to C$62.00 in a report on Tuesday, February 18th. Scotiabank upped their price target on Definity Financial from C$60.00 to C$61.00 in a report on Tuesday, February 18th. Finally, UBS Group boosted their price objective on Definity Financial from C$58.00 to C$63.00 in a research report on Tuesday, February 18th. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Definity Financial currently has an average rating of “Hold” and an average price target of C$59.27.

Definity Financial Trading Up 0.7 %

The firm has a market capitalization of C$7.53 billion, a PE ratio of 13.82, a P/E/G ratio of 2.63 and a beta of 0.04. The company has a fifty day moving average price of C$60.41 and a two-hundred day moving average price of C$57.39.

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.