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

Definity Financial Co. (TSE:DFY) has received an average recommendation of “Hold” from the seven research firms that are covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is C$71.64.

A number of research firms have commented on DFY. TD Securities upped their price target on Definity Financial from C$72.00 to C$78.00 and gave the stock a “hold” rating in a research note on Wednesday, June 11th. Cormark upgraded Definity Financial from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, June 11th. Jefferies Financial Group decreased their price target on Definity Financial from C$62.00 to C$58.00 in a research note on Monday, April 21st. BMO Capital Markets upped their price target on Definity Financial from C$63.00 to C$64.00 in a research note on Monday, May 12th. Finally, Scotiabank upped their price target on Definity Financial from C$65.00 to C$76.00 in a research note on Wednesday, June 11th.

Definity Financial Stock Down 0.1%

TSE:DFY opened at C$77.60 on Friday. The stock’s fifty day moving average is C$72.48 and its two-hundred day moving average is C$64.35. Definity Financial has a 52 week low of C$43.88 and a 52 week high of C$79.95. The stock has a market capitalization of C$8.95 billion, a price-to-earnings ratio of 16.43, a price-to-earnings-growth ratio of 2.63 and a beta of 0.04.

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.