Definity Financial (TSE:DFY) Given a C$80.00 Price Target at CIBC

CIBC set a C$80.00 price target on Definity Financial (TSE:DFY) in a research report released on Thursday morning,BayStreet.CA reports. The firm currently has a neutral rating on the stock.

Several other research firms have also weighed in on DFY. TD Securities boosted their price objective on shares of Definity Financial from C$72.00 to C$78.00 and gave the stock a “hold” rating in a research note on Wednesday. Cormark upgraded Definity Financial from a “hold” rating to a “moderate buy” rating in a report on Wednesday. UBS Group boosted their price target on Definity Financial from C$58.00 to C$63.00 in a research report on Tuesday, February 18th. Jefferies Financial Group cut their price objective on Definity Financial from C$62.00 to C$58.00 in a research report on Monday, April 21st. Finally, BMO Capital Markets lifted their target price on Definity Financial from C$63.00 to C$64.00 in a research note on Monday, May 12th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, Definity Financial presently has an average rating of “Hold” and an average price target of C$69.27.

Definity Financial Trading Up 1.6%

TSE:DFY opened at C$76.76 on Thursday. The stock has a market capitalization of C$8.86 billion, a PE ratio of 16.25, a P/E/G ratio of 2.63 and a beta of 0.04. Definity Financial has a 1-year low of C$42.11 and a 1-year high of C$79.06. The firm has a fifty day simple moving average of C$67.97 and a 200 day simple moving average of C$62.23.

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.