Definity Financial Co. (TSE:DFY) Given Average Rating of “Hold” by Brokerages

Shares of Definity Financial Co. (TSE:DFY) have been assigned an average rating of “Hold” from the eleven ratings firms that are presently covering the stock, MarketBeat.com reports. Nine equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$54.70.

DFY has been the topic of several recent analyst reports. TD Securities boosted their price objective on shares of Definity Financial from C$58.00 to C$59.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. National Bankshares upped their price target on shares of Definity Financial from C$62.00 to C$65.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Cormark lowered shares of Definity Financial from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Scotiabank lowered shares of Definity Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, Raymond James lowered shares of Definity Financial from an “outperform” rating to a “market perform” rating and upped their price target for the company from C$53.00 to C$55.00 in a research note on Tuesday, November 12th.

Definity Financial Stock Down 1.3 %

Definity Financial stock opened at C$61.12 on Thursday. The firm has a market capitalization of C$7.02 billion, a PE ratio of 18.47, a P/E/G ratio of 2.63 and a beta of 0.04. The company’s 50-day moving average is C$57.64 and its 200-day moving average is C$54.38. Definity Financial has a fifty-two week low of C$37.83 and a fifty-two week high of C$62.10. The company has a debt-to-equity ratio of 6.38, a current ratio of 7.68 and a quick ratio of 0.31.

Definity Financial Company Profile

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.