Definity Financial (TSE:DFY) Stock Price Expected to Rise, TD Securities Analyst Says

Definity Financial (TSE:DFY) had its target price hoisted by TD Securities from C$72.00 to C$78.00 in a research note issued to investors on Wednesday morning,BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

A number of other equities research analysts have also weighed in on the stock. National Bankshares lifted their price objective on shares of Definity Financial from C$70.00 to C$75.00 and gave the company an “outperform” rating in a report on Wednesday, April 30th. Raymond James lifted their price objective on shares of Definity Financial from C$55.00 to C$62.00 in a research report on Tuesday, February 18th. Scotiabank boosted their target price on shares of Definity Financial from C$61.00 to C$62.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 24th. BMO Capital Markets boosted their target price on shares of Definity Financial from C$63.00 to C$64.00 in a research report on Monday, May 12th. Finally, Desjardins lifted their price objective on shares of Definity Financial from C$64.00 to C$67.00 and gave the company a “hold” rating in a research note on Thursday, April 24th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$69.27.

Definity Financial Trading Up 1.4%

Definity Financial stock opened at C$77.81 on Wednesday. The firm has a 50-day moving average price of C$68.32 and a 200-day moving average price of C$62.37. The firm has a market capitalization of C$8.98 billion, a PE ratio of 16.47, a price-to-earnings-growth ratio of 2.63 and a beta of 0.04. Definity Financial has a 12-month low of C$42.11 and a 12-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.