TD Securities Boosts Definity Financial (TSE:DFY) Price Target to C$71.00

Definity Financial (TSE:DFY) had its price target raised by equities researchers at TD Securities from C$60.00 to C$71.00 in a report issued on Friday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ price objective would suggest a potential upside of 15.15% from the company’s previous close.

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

Definity Financial Price Performance

Shares of DFY stock opened at C$61.66 on Friday. Definity Financial has a 12-month low of C$39.34 and a 12-month high of C$64.14. The firm has a market capitalization 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 business has a 50 day simple moving average of C$57.89 and a 200 day simple moving average of C$54.72.

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.