Raymond James sets CAD 84.00 target for Definity Financial stock

Published on 10/17/2026 at 22:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue reached CAD 2.05 billion in the second quarter of 2026. Definity Financial stock was CAD 70.62 on October 16, 2026, up 0.18 percent versus the TSX close.

Raymond James target guides valuation

Raymond James lowered its target to CAD 84.00 on October 16, 2026.
Definity Financial will announce third-quarter results on November 5, 2026.
Definity Financial stock was CAD 70.62 on October 16, 2026 at 4:00 p.m. ET, up 0.18 percent versus the TSX close of October 15, 2026.
Definity Financial had a market capitalization of CAD 8.5 billion on October 16, 2026.

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Raymond James lowered its price target for Definity Financial from CAD 85.00 to CAD 84.00 on October 16, 2026, while maintaining a market perform rating, according to MarketBeat. The new target stands 18.95 percent above the CAD 70.62 TSX price from October 16. Definity Financial closed at CAD 70.62 on October 16, 2026 at 4:00 p.m. ET, up 0.18 percent versus the TSX close of October 15, 2026.

Revenue reached CAD 2.05 billion

Definity reported revenue of CAD 2.05 billion for the second quarter of 2026, according to MarketBeat. The figure gives the stock a current operating reference alongside the analyst target, while the latest standardized financial statement reported CAD 152.4 million in net income for the same quarter.

Stock remains below its yearly high

Definity's CAD 61.87 to CAD 82.59 52-week range puts the October 16 price 14.49 percent below the high and 14.14 percent above the low. The company had a market capitalization of CAD 8.5 billion, a price-to-earnings ratio of 18.39 and volume of 160,392 shares on October 16. Its average volume was 179,938 shares, so the session volume was 10.89 percent below that average.

Results date set for November

Definity's next quarterly announcement is scheduled for November 5, 2026, after the market closes, according to TMX Money. The company will hold its earnings conference call on November 6, 2026. Definity's investor-relations page describes a Canadian property and casualty insurer with digital platforms including Sonnet and Vyne, alongside broker-led commercial and personal insurance operations.

Comparison with peers

Definity Financial (TSX, CAD): up 0.18 percent, P/E 18.39, market capitalization CAD 8.5 billion
Intact Financial (TSX, CAD): up 0.60 percent, P/E 14.09, market capitalization CAD 44.7 billion
Fairfax Financial Holdings (TSX, CAD): down 0.17 percent, P/E 8.36, market capitalization CAD 50.0 billion

CAD 70.62 after the latest session

The TSX close of October 15, 2026 was CAD 70.49, leaving the latest completed session only 0.13 CAD higher. Definity's price remained 14.49 percent below its 52-week high of CAD 82.59 on October 16, 2026.