Definity Financial (TSE:DFY) Price Target Raised to C$62.00 at Raymond James

Definity Financial (TSE:DFY) had its price objective increased by Raymond James from C$55.00 to C$62.00 in a research note released on Tuesday morning,BayStreet.CA reports.

A number of other brokerages have also issued reports on DFY. TD Securities lifted their price target on shares of Definity Financial from C$60.00 to C$71.00 and gave the stock a “hold” rating in a research note on Friday, February 14th. BMO Capital Markets lifted their price target on shares of Definity Financial from C$53.00 to C$57.00 in a research note on Monday, November 11th. National Bankshares lifted their price objective on shares of Definity Financial from C$62.00 to C$65.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Cormark downgraded shares of Definity Financial from a “moderate buy” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, UBS Group lifted their price objective on shares of Definity Financial from C$58.00 to C$63.00 in a report on Tuesday. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of C$59.27.

Definity Financial Trading Down 2.2 %

Shares of TSE:DFY opened at C$60.28 on Tuesday. The company has a fifty day simple moving average of C$57.93 and a 200 day simple moving average of C$54.96. The firm has a market cap of C$6.95 billion, a PE ratio of 12.76, a price-to-earnings-growth ratio of 2.63 and a beta of 0.04. Definity Financial has a 12-month low of C$41.61 and a 12-month high of C$64.14.

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.