Definity Financial Co. (TSE:DFY) Given Average Recommendation of “Hold” by Analysts

Definity Financial Co. (TSE:DFY) has earned a consensus recommendation of “Hold” from the eleven analysts that are presently covering the company, Marketbeat Ratings reports. Nine analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$60.64.

DFY has been the subject of several analyst reports. TD Securities boosted their price objective on Definity Financial from C$60.00 to C$71.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. Jefferies Financial Group cut their price objective on shares of Definity Financial from C$62.00 to C$58.00 in a research note on Monday. UBS Group increased their target price on shares of Definity Financial from C$58.00 to C$63.00 in a research report on Tuesday, February 18th. CIBC upped their price target on shares of Definity Financial from C$59.00 to C$66.00 in a research note on Tuesday, February 18th. Finally, Raymond James raised their price objective on shares of Definity Financial from C$55.00 to C$62.00 in a research note on Tuesday, February 18th.

Definity Financial Stock Down 0.4 %

DFY stock opened at C$64.23 on Tuesday. The firm’s 50-day simple moving average is C$61.56 and its 200 day simple moving average is C$58.47. The stock has a market cap of C$7.41 billion, a PE ratio of 13.60, a price-to-earnings-growth ratio of 2.63 and a beta of 0.04. Definity Financial has a fifty-two week low of C$41.97 and a fifty-two week high of C$65.75.

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.