Definity Financial Co. (TSE:DFY) Receives Average Recommendation of “Hold” from Analysts

Definity Financial Co. (TSE:DFY) has received an average rating of “Hold” from the eleven ratings firms that are covering the stock, Marketbeat reports. Nine equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$54.70.

Several analysts have recently issued reports on DFY shares. BMO Capital Markets lifted their target price on shares of Definity Financial from C$53.00 to C$57.00 in a research report on Monday, November 11th. TD Securities lifted their price objective on Definity Financial from C$58.00 to C$59.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Cormark cut Definity Financial from a “moderate buy” rating to a “hold” rating in a report on Wednesday, October 30th. Raymond James downgraded Definity Financial from an “outperform” rating to a “market perform” rating and raised their target price for the company from C$53.00 to C$55.00 in a research report on Tuesday, November 12th. Finally, Scotiabank cut Definity Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th.

Definity Financial Price Performance

Definity Financial stock opened at C$61.54 on Thursday. The stock has a market capitalization of C$7.07 billion, a P/E ratio of 18.59, a P/E/G ratio of 2.63 and a beta of 0.04. The company’s fifty day moving average price is C$57.75 and its 200 day moving average price is C$54.57. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.31 and a current ratio of 7.68. Definity Financial has a 1 year low of C$37.83 and a 1 year high of C$62.24.

About Definity Financial

Definity Financial Corporation, together with its subsidiaries, offers property and casualty insurance products in Canada. It provides personal insurance products, including auto, property, general and umbrella liability, and pet insurance products to individuals under the Economical, Sonnet, Family, Petsecure, and Peppermint brands; and commercial insurance products, which include fleet, commercial auto, property, liability, and specialty insurance products to businesses under the Definity Insurance and Economical brand name.