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

Definity Financial (TSE:DFY) had its price target increased by equities research analysts at CIBC from C$59.00 to C$66.00 in a research report issued on Tuesday,BayStreet.CA reports. CIBC’s target price points to a potential upside of 9.27% from the company’s current price.

Other equities research analysts also recently issued reports about the company. National Bankshares increased their price target on Definity Financial from C$62.00 to C$65.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. TD Securities increased their price objective on Definity Financial from C$60.00 to C$71.00 and gave the stock a “hold” rating in a report on Friday. BMO Capital Markets increased their price target on Definity Financial from C$53.00 to C$57.00 in a research report on Monday, November 11th. Scotiabank increased their price target on Definity Financial from C$60.00 to C$61.00 in a research report on Tuesday. Finally, Raymond James raised their price objective on Definity Financial from C$55.00 to C$62.00 in a research report on Tuesday. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of C$59.27.

Definity Financial Stock Down 2.0 %

TSE DFY traded down C$1.26 on Tuesday, reaching C$60.40. The company had a trading volume of 81,201 shares, compared to its average volume of 109,936. The stock’s 50 day moving average is C$57.92 and its 200-day moving average is C$54.88. The stock has a market cap of C$6.97 billion, a price-to-earnings ratio of 12.79, a PEG ratio of 2.63 and a beta of 0.04. Definity Financial has a 52 week low of C$41.61 and a 52 week high of C$64.14.

About Definity Financial

Definity Financial Corp is a multi-channel, property, and casualty insurance company. It offers auto, property, liability, and pet insurance products to individual customers.