Definity Financial (TSE:DFY) Rating Increased to Moderate Buy at Cormark

Definity Financial (TSE:DFY) was upgraded by research analysts at Cormark from a “hold” rating to a “moderate buy” rating in a report released on Wednesday,Zacks.com reports. Cormark also issued estimates for Definity Financial’s FY2025 earnings at $3.13 EPS.

DFY has been the topic of a number of other reports. Desjardins increased their price objective 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. Scotiabank upped their price target on Definity Financial from C$65.00 to C$76.00 in a research note on Wednesday. BMO Capital Markets increased their target price on Definity Financial from C$63.00 to C$64.00 in a report on Monday, May 12th. Jefferies Financial Group lowered their target price on shares of Definity Financial from C$62.00 to C$58.00 in a research report on Monday, April 21st. Finally, Raymond James boosted their price objective on shares of Definity Financial from C$55.00 to C$62.00 in a report on Tuesday, February 18th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of C$69.27.

Definity Financial Stock Performance

Definity Financial stock opened at C$76.76 on Wednesday. The company has a market capitalization of C$8.86 billion, a PE ratio of 16.25, a P/E/G ratio of 2.63 and a beta of 0.04. Definity Financial has a fifty-two week low of C$42.11 and a fifty-two week high of C$79.06. The company has a 50 day moving average price of C$67.97 and a 200-day moving average price of 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.