Scotiabank Boosts Definity Financial (TSE:DFY) Price Target to C$76.00

Definity Financial (TSE:DFY) had its price objective boosted by stock analysts at Scotiabank from C$65.00 to C$76.00 in a report issued on Wednesday,BayStreet.CA reports. Scotiabank’s price objective suggests a potential downside of 0.99% from the company’s previous close.

A number of other brokerages have also recently weighed in on DFY. CIBC lifted their price objective on shares of Definity Financial from C$66.00 to C$70.00 in a research note on Friday, April 25th. BMO Capital Markets boosted their price target on shares of Definity Financial from C$63.00 to C$64.00 in a research report on Monday, May 12th. Raymond James boosted their price target on shares of Definity Financial from C$55.00 to C$62.00 in a research report on Tuesday, February 18th. TD Securities boosted their target price on Definity Financial from C$72.00 to C$78.00 and gave the stock a “hold” rating in a report on Wednesday. Finally, National Bankshares boosted their target price on Definity Financial from C$70.00 to C$75.00 and gave the stock an “outperform” rating in a report on Wednesday, April 30th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$69.27.

Definity Financial Price Performance

Shares of Definity Financial stock 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 business’s fifty day moving average price is C$67.97 and its two-hundred day moving average price is C$62.23. The company has a market capitalization of C$8.86 billion, a P/E ratio of 16.25, 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.