TD Securities Raises Definity Financial (TSE:DFY) Price Target to C$78.00

Definity Financial (TSE:DFY) had its price objective boosted by equities researchers at TD Securities from C$72.00 to C$78.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. TD Securities’ price objective would suggest a potential upside of 1.62% from the company’s current price.

Several other brokerages also recently weighed in on DFY. Desjardins boosted their price objective on shares of Definity Financial from C$64.00 to C$67.00 and gave the stock a “hold” rating in a research report on Thursday, April 24th. BMO Capital Markets boosted their price objective on Definity Financial from C$63.00 to C$64.00 in a research note on Monday, May 12th. UBS Group upped their price target on shares of Definity Financial from C$58.00 to C$63.00 in a research report on Tuesday, February 18th. CIBC upped their price target on shares of Definity Financial from C$66.00 to C$70.00 in a research report on Friday, April 25th. Finally, Raymond James upped their price target on shares of Definity Financial from C$55.00 to C$62.00 in a research report on Tuesday, February 18th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$69.27.

Definity Financial Stock Up 1.6%

DFY stock opened at C$76.76 on Wednesday. The business has a 50 day moving average price of C$67.97 and a 200 day moving average price of C$62.23. The stock has a market cap of C$8.86 billion, a price-to-earnings ratio of 16.25, a PEG 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.

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.