Definity Financial Co. (TSE:DFY) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Definity Financial Co. (TSE:DFY) have earned a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$69.27.

DFY has been the topic of a number of recent analyst reports. UBS Group upped their price objective on Definity Financial from C$58.00 to C$63.00 in a report on Tuesday, February 18th. Cormark upgraded Definity Financial from a “hold” rating to a “moderate buy” rating in a report on Wednesday, June 11th. TD Securities boosted their target price on Definity Financial from C$72.00 to C$78.00 and gave the company a “hold” rating in a research report on Wednesday, June 11th. Desjardins raised Definity Financial to a “hold” rating in a research report on Wednesday, June 11th. Finally, Raymond James boosted their target price on Definity Financial from C$65.00 to C$74.00 and gave the company a “market perform” rating in a research report on Thursday.

Definity Financial Stock Performance

DFY opened at C$77.81 on Wednesday. Definity Financial has a one year low of C$42.11 and a one year high of C$79.06. The stock has a market capitalization of C$8.98 billion, a PE ratio of 16.47, a P/E/G ratio of 2.63 and a beta of 0.04. The business’s 50 day moving average price is C$68.32 and its 200 day moving average price is C$62.42.

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.