Definity Financial (TSE:DFY) Price Target Raised to C$61.00

Definity Financial (TSE:DFY) had its target price increased by stock analysts at Scotiabank from C$60.00 to C$61.00 in a report issued on Tuesday,BayStreet.CA reports. Scotiabank’s target price indicates a potential upside of 0.99% from the company’s previous close.

A number of other equities research analysts have also weighed in on the company. Raymond James lowered Definity Financial from an “outperform” rating to a “market perform” rating and boosted their target price for the company from C$53.00 to C$55.00 in a research note on Tuesday, November 12th. National Bankshares boosted their price target on Definity Financial from C$62.00 to C$65.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. BMO Capital Markets boosted their price target on Definity Financial from C$53.00 to C$57.00 in a report on Monday, November 11th. UBS Group boosted their price target on Definity Financial from C$58.00 to C$63.00 in a report on Tuesday. Finally, Cormark downgraded Definity Financial from a “moderate buy” rating to a “hold” rating in a report on Wednesday, October 30th. Nine 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 presently has a consensus rating of “Hold” and a consensus target price of C$59.27.

Definity Financial Price Performance

DFY stock traded down C$1.26 during mid-day trading on Tuesday, hitting C$60.40. 81,201 shares of the stock were exchanged, compared to its average volume of 109,936. The business has a fifty day moving average price of C$57.92 and a 200 day moving average price of C$54.88. Definity Financial has a 12 month low of C$41.61 and a 12 month high of C$64.14. The stock has a market capitalization of C$6.97 billion, a price-to-earnings ratio of 12.79, a PEG 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.