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

Definity Financial Co. (TSE:DFY) has been assigned an average recommendation of “Hold” from the seven research firms that are presently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$71.64.

DFY has been the topic of several research reports. Scotiabank raised their price objective on Definity Financial from C$65.00 to C$76.00 in a report on Wednesday, June 11th. Raymond James Financial lifted their price target on Definity Financial from C$65.00 to C$74.00 and gave the company a “market perform” rating in a report on Thursday, June 12th. Jefferies Financial Group cut their price target on Definity Financial from C$62.00 to C$58.00 in a report on Monday, April 21st. Cormark upgraded Definity Financial from a “hold” rating to a “moderate buy” rating in a report on Wednesday, June 11th. Finally, TD Securities lifted their price target on Definity Financial from C$72.00 to C$78.00 and gave the company a “hold” rating in a report on Wednesday, June 11th.

Definity Financial Price Performance

TSE:DFY opened at C$77.60 on Friday. The firm has a market capitalization of C$8.95 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 2.63 and a beta of 0.04. Definity Financial has a 1 year low of C$43.88 and a 1 year high of C$79.95. The business has a 50 day simple moving average of C$72.48 and a 200-day simple moving average of C$64.35.

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.