Definity Financial (TSE:DFY) Stock Rating Upgraded by Royal Bank Of Canada

Definity Financial (TSE:DFY) was upgraded by stock analysts at Royal Bank Of Canada to a “moderate buy” rating in a research report issued on Wednesday, MarketBeat reports. The brokerage presently has a C$87.00 price objective on the stock. Royal Bank Of Canada’s target price points to a potential upside of 14.22% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on the stock. Desjardins upgraded shares of Definity Financial to a “hold” rating in a research report on Wednesday, June 11th. BMO Capital Markets boosted their target price on Definity Financial from C$63.00 to C$64.00 in a research report on Monday, May 12th. National Bankshares set a C$90.00 price target on Definity Financial and gave the stock an “outperform” rating in a research report on Wednesday, June 11th. Scotiabank boosted their price objective on Definity Financial from C$65.00 to C$76.00 in a report on Wednesday, June 11th. Finally, UBS Group increased their target price on Definity Financial from C$58.00 to C$63.00 in a research note on Tuesday, February 18th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Definity Financial presently has a consensus rating of “Hold” and a consensus target price of C$71.64.

Definity Financial Trading Down 0.2%

TSE DFY opened at C$76.17 on Wednesday. The stock has a fifty day simple moving average of C$69.24 and a 200-day simple moving average of C$62.76. The stock has a market cap of C$8.79 billion, a PE ratio of 16.13, a P/E/G ratio of 2.63 and a beta of 0.04. Definity Financial has a twelve month low of C$42.49 and a twelve month high of C$79.06.

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.