BMO Capital Markets Issues Positive Forecast for Definity Financial (TSE:DFY) Stock Price

Definity Financial (TSE:DFY) had its target price lifted by BMO Capital Markets from C$63.00 to C$64.00 in a report issued on Monday,BayStreet.CA reports. BMO Capital Markets’ target price would indicate a potential downside of 0.61% from the company’s previous close.

A number of other brokerages also recently issued reports on DFY. CIBC boosted their price target on shares of Definity Financial from C$66.00 to C$70.00 in a research report on Friday, April 25th. TD Securities boosted their price target on shares of Definity Financial from C$71.00 to C$72.00 and gave the stock a “hold” rating in a research report on Friday. Scotiabank boosted their price target on shares of Definity Financial from C$61.00 to C$62.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 24th. National Bankshares lifted their price objective on shares of Definity Financial from C$70.00 to C$75.00 and gave the company an “outperform” rating in a research note on Wednesday, April 30th. Finally, Jefferies Financial Group lowered their price objective on shares of Definity Financial from C$62.00 to C$58.00 in a research note on Monday, April 21st. Nine research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Definity Financial has an average rating of “Hold” and a consensus price target of C$64.09.

Definity Financial Trading Down 3.6%

DFY stock traded down C$2.38 during mid-day trading on Monday, hitting C$64.39. The stock had a trading volume of 77,117 shares, compared to its average volume of 178,198. Definity Financial has a 52 week low of C$41.97 and a 52 week high of C$70.00. The firm has a market capitalization of C$7.43 billion, a P/E ratio of 13.63, a P/E/G ratio of 2.63 and a beta of 0.04. The firm has a fifty day simple moving average of C$63.41 and a 200 day simple moving average of C$59.78.

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.