UBS Group Forecasts Strong Price Appreciation for Definity Financial (TSE:DFY) Stock

Definity Financial (TSE:DFY) had its price target boosted by UBS Group from C$58.00 to C$63.00 in a research report report published on Tuesday morning,BayStreet.CA reports.

Several other equities research analysts have also weighed in on DFY. Raymond James lowered shares of Definity Financial from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from C$53.00 to C$55.00 in a research note on Tuesday, November 12th. National Bankshares increased 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 research note 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 stock a “hold” rating in a research note on Friday, February 14th. Cormark lowered shares of Definity Financial from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, BMO Capital Markets increased their price objective on shares of Definity Financial from C$53.00 to C$57.00 in a research note on Monday, November 11th. Nine analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Definity Financial currently has a consensus rating of “Hold” and a consensus target price of C$59.27.

Definity Financial Stock Down 1.1 %

DFY opened at C$59.38 on Tuesday. The firm has a market cap of C$6.85 billion, a price-to-earnings ratio of 12.57, a price-to-earnings-growth ratio of 2.63 and a beta of 0.04. Definity Financial has a fifty-two week low of C$41.97 and a fifty-two week high of C$64.14. The company’s 50-day moving average price is C$57.97 and its 200 day moving average price is C$55.12.

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.