Definity Financial (TSE:DFY) Rating Increased to Hold at Desjardins

Definity Financial (TSE:DFY) was upgraded by analysts at Desjardins to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Several other equities analysts have also recently commented on the stock. Scotiabank upped their target price on shares of Definity Financial from C$65.00 to C$76.00 in a research note on Wednesday. CIBC lifted their target price on Definity Financial from C$66.00 to C$70.00 in a research note on Friday, April 25th. Jefferies Financial Group decreased their target price on Definity Financial from C$62.00 to C$58.00 in a research report on Monday, April 21st. Cormark upgraded Definity Financial from a “hold” rating to a “moderate buy” rating in a research report on Wednesday. Finally, TD Securities increased their target price on shares of Definity Financial from C$72.00 to C$78.00 and gave the stock a “hold” rating in a report on Wednesday. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Definity Financial presently has a consensus rating of “Hold” and a consensus target price of C$69.27.

Definity Financial Trading Up 1.6%

Shares of DFY opened at C$76.76 on Wednesday. Definity Financial has a 1-year low of C$42.11 and a 1-year high of C$79.06. The stock has a market capitalization of C$8.86 billion, a P/E ratio of 16.25, a P/E/G ratio of 2.63 and a beta of 0.04. The business’s 50-day moving average price is C$67.97 and its 200 day moving average price is C$62.23.

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.