Definity Financial (TSE:DFY) Price Target Raised to C$61.00 at Scotiabank

Definity Financial (TSE:DFY) had its price objective upped by Scotiabank from C$60.00 to C$61.00 in a report published on Tuesday morning,BayStreet.CA reports.

Other equities research analysts also recently issued reports about the stock. Raymond James downgraded shares of Definity Financial from an “outperform” rating to a “market perform” rating and upped their target price for the stock from C$53.00 to C$55.00 in a research note on Tuesday, November 12th. Cormark downgraded shares of Definity Financial from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, October 30th. TD Securities increased their price objective on shares of Definity Financial from C$60.00 to C$71.00 and gave the company a “hold” rating in a research report on Friday, February 14th. National Bankshares increased their price objective on shares of Definity Financial from C$62.00 to C$65.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, UBS Group increased their price objective on shares of Definity Financial from C$58.00 to C$63.00 in a research report on Tuesday. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Definity Financial currently has a consensus rating of “Hold” and an average price target of C$59.27.

Definity Financial Stock Down 2.2 %

Shares of DFY opened at C$60.28 on Tuesday. Definity Financial has a fifty-two week low of C$41.61 and a fifty-two week high of C$64.14. The firm’s 50 day moving average price is C$57.93 and its 200 day moving average price is C$54.96. The company has a market cap of C$6.95 billion, a P/E ratio of 12.76, a PEG 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.