Definity Financial (TSE:DFY) PT Lowered to C$45.00

Definity Financial (TSE:DFY – Get Rating) had its price target reduced by TD Securities from C$46.00 to C$45.00 in a research report report published on Friday morning, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

DFY has been the topic of a number of other reports. UBS Group upped their target price on Definity Financial from C$35.00 to C$38.00 in a research report on Monday, November 14th. Barclays increased their price objective on Definity Financial from C$41.00 to C$43.00 in a report on Friday, October 28th. BMO Capital Markets cut Definity Financial from an outperform rating to a market perform rating and lowered their price target for the company from C$45.00 to C$40.00 in a report on Monday, January 30th. National Bankshares lifted their price target on shares of Definity Financial from C$45.00 to C$47.00 and gave the stock an outperform rating in a research note on Tuesday, February 7th. Finally, Cormark cut their target price on shares of Definity Financial from C$45.00 to C$40.00 in a report on Friday. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Definity Financial presently has a consensus rating of Moderate Buy and a consensus target price of C$42.45.

Definity Financial Stock Performance

TSE:DFY opened at C$36.41 on Friday. The stock’s 50-day moving average is C$37.67 and its 200-day moving average is C$37.66. Definity Financial has a 1-year low of C$27.00 and a 1-year high of C$40.95. The stock has a market cap of C$4.22 billion and a P/E ratio of 29.36. The company has a current ratio of 0.46, a quick ratio of 0.31 and a debt-to-equity ratio of 0.95.

About Definity Financial

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Definity Financial Corporation, together with its subsidiaries, provides property and casualty insurance products in Canada. It offers 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 comprising fleet, commercial auto, property, liability, and specialty insurance products to businesses under the Economical brand name.

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