Scotiabank Issues Positive Forecast for Definity Financial (TSE:DFY) Stock Price

Definity Financial (TSE:DFY) had its price target hoisted by stock analysts at Scotiabank from C$60.00 to C$61.00 in a research note issued on Tuesday,BayStreet.CA reports. Scotiabank’s price objective suggests a potential upside of 0.99% from the stock’s previous close.

DFY has been the topic of several other reports. Cormark lowered shares of Definity Financial from a “moderate buy” rating to a “hold” rating in a report on Wednesday, October 30th. Raymond James downgraded shares of Definity Financial from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from C$53.00 to C$55.00 in a research note on Tuesday, November 12th. TD Securities boosted their target price on shares of Definity Financial from C$60.00 to C$71.00 and gave the company a “hold” rating in a research report on Friday. BMO Capital Markets upped their price objective on shares of Definity Financial from C$53.00 to C$57.00 in a research report on Monday, November 11th. Finally, National Bankshares boosted their target price 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. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$59.27.

Definity Financial Stock Performance

TSE DFY traded down C$1.26 during trading on Tuesday, hitting C$60.40. The stock had a trading volume of 81,201 shares, compared to its average volume of 109,936. The stock has a market capitalization of C$6.97 billion, a price-to-earnings ratio of 12.79, a P/E/G ratio of 2.63 and a beta of 0.04. The stock has a 50 day simple moving average of C$57.92 and a 200 day simple moving average of C$54.88. Definity Financial has a one year low of C$41.61 and a one year high of C$64.14.

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.