National Bankshares Forecasts Strong Price Appreciation for Definity Financial (TSE:DFY) Stock

Definity Financial (TSE:DFY) had its target price lifted by National Bankshares from C$70.00 to C$75.00 in a research note published on Wednesday,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

A number of other equities research analysts also recently commented on the company. Desjardins raised their target price on Definity Financial from C$64.00 to C$67.00 and gave the company a “hold” rating in a report on Thursday, April 24th. TD Securities increased their price target on shares of Definity Financial from C$60.00 to C$71.00 and gave the company a “hold” rating in a report on Friday, February 14th. UBS Group boosted their price objective on shares of Definity Financial from C$58.00 to C$63.00 in a report on Tuesday, February 18th. CIBC increased their target price on shares of Definity Financial from C$66.00 to C$70.00 in a report on Friday, April 25th. Finally, Scotiabank boosted their price target on Definity Financial from C$61.00 to C$62.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 24th. Nine equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of C$63.36.

Definity Financial Trading Up 0.4 %

Shares of DFY stock opened at C$68.41 on Wednesday. Definity Financial has a 12-month low of C$41.97 and a 12-month high of C$69.54. The company has a market cap of C$7.89 billion, a price-to-earnings ratio of 14.48, a price-to-earnings-growth ratio of 2.63 and a beta of 0.04. The stock has a 50 day simple moving average of C$62.72 and a 200-day simple moving average of C$59.23.

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.