CIBC Increases Price Target for Definity Financial (TSE:DFY) to C$66.00

On February 20th, 2025, CIBC raised its price target for Definity Financial (TSE:DFY) from C$59.00 to C$66.00, as reported in a note to investors. This new price target suggests a potential upside of approximately 9.89% based on the company's current trading price.

Several other analysts have also recently updated their views on Definity Financial. BMO Capital Markets revised their price target from C$53.00 to C$57.00 in a report released on November 11th. On the other hand, Cormark downgraded Definity Financial's shares from a 'moderate buy' to a 'hold' rating in their report published on October 30th.

Additionally, TD Securities adjusted their price objective, increasing it from C$60.00 to C$71.00 while maintaining a 'hold' rating as of February 14th. Scotiabank raised their target price from C$60.00 to C$61.00, reflecting a modest increase. National Bankshares also raised their price target, moving it from C$62.00 to C$65.00 and assigning an 'outperform' rating in their note issued on October 30th.

Currently, a total of nine investment analysts have provided their ratings on Definity Financial, with the consensus largely leaning towards a 'hold' rating alongside an average target price of C$59.27, according to MarketBeat.com.

Stock Performance Overview

The shares of Definity Financial (TSE:DFY) opened at C$60.06 on the day of the price target adjustment. Over the past year, the stock has experienced a low of C$41.61 and reached a high of C$64.14. The company maintains a 50-day moving average price of C$57.96 and a 200-day moving average price of C$55.05. Definity Financial holds a market capitalization of C$6.93 billion, with a price-to-earnings ratio of 12.72 and a price-to-earnings-growth ratio of 2.63. The stock also shows a beta value of 0.04, indicating low volatility.

About Definity Financial

Definity Financial Corp is a multi-channel provider of property and casualty insurance services. The company specializes in offering a range of insurance products, including auto, property, liability, and pet insurance tailored for individual customers.

CIBC, Definity, Financial