Definity Financial (TSE:DFY) Given New C$71.00 Price Target at TD Securities

Definity Financial (TSE:DFY) had its price target hoisted by TD Securities from C$60.00 to C$71.00 in a report issued on Friday,BayStreet.CA reports. They currently have a hold rating on the stock.

A number of other brokerages have also recently issued reports on DFY. Scotiabank cut Definity Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. National Bankshares upped their price target on shares of Definity Financial from C$62.00 to C$65.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Raymond James lowered shares of Definity Financial from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from C$53.00 to C$55.00 in a research note on Tuesday, November 12th. Cormark downgraded Definity Financial from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Finally, BMO Capital Markets lifted their price target on Definity Financial from C$53.00 to C$57.00 in a research report on Monday, November 11th. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of C$55.90.

Definity Financial Trading Down 2.1 %

Shares of TSE DFY opened at C$61.66 on Friday. The firm has a market cap of C$7.11 billion, a price-to-earnings ratio of 13.05, a price-to-earnings-growth ratio of 2.63 and a beta of 0.04. The stock has a fifty day simple moving average of C$57.89 and a two-hundred day simple moving average of C$54.72. Definity Financial has a 1-year low of C$39.34 and a 1-year high of C$64.14.

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.