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

Shares of Definity Financial Co. (TSE:DFY) have been given an average recommendation of “Hold” by the eight analysts that are covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$64.09.

A number of equities research analysts have recently commented on the company. Scotiabank lifted their price objective on Definity Financial from C$61.00 to C$62.00 and gave the company a “sector perform” rating in a research report on Thursday, April 24th. Raymond James lifted their price objective on Definity Financial from C$55.00 to C$62.00 in a research report on Tuesday, February 18th. National Bankshares lifted their price objective on Definity Financial from C$70.00 to C$75.00 and gave the company an “outperform” rating in a research report on Wednesday, April 30th. Desjardins boosted their price target on Definity Financial from C$64.00 to C$67.00 and gave the company a “hold” rating in a research report on Thursday, April 24th. Finally, TD Securities boosted their price target on Definity Financial from C$71.00 to C$72.00 and gave the company a “hold” rating in a research report on Friday, May 9th.

Definity Financial Stock Performance

Definity Financial stock opened at C$73.60 on Wednesday. The stock has a fifty day moving average of C$67.35 and a two-hundred day moving average of C$62.04. The company has a market capitalization of C$8.49 billion, a price-to-earnings ratio of 15.58, a PEG ratio of 2.63 and a beta of 0.04. Definity Financial has a fifty-two week low of C$42.11 and a fifty-two week high of C$79.06.

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.