RBC cuts target to CAD 87.00 for Definity Financial stock
Published on 10/15/2026 at 22:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst view and financial scale
- On October 15, 2026, RBC Dominion Securities cut its target from CAD 94.00 to CAD 87.00, leaving 23.42 percent upside to the Toronto price.
- Revenue reached CAD 2.05 billion in the second quarter of 2026.
- Definity Financial stock costs EUR 44.30 at Lang & Schwarz on October 15, 2026 at 10:16 p.m. CEST, 2.98 percent above the Toronto close of October 14, 2026.
- Definity Financial had a P/E ratio of 18.36 and a market capitalization of CAD 8.5 billion on October 15, 2026.
Definity Financial stock (ISIN CA24477T1003) faces a lower analyst target after MarketBeat reported on October 15, 2026 that RBC Dominion Securities cut its target from CAD 94.00 to CAD 87.00. Against the Toronto price of CAD 70.49 on October 15, 2026, that target sits 23.42 percent higher. At Lang & Schwarz, the euro quote was EUR 44.30 on October 15, 2026 at 10:16 p.m. CEST, 2.98 percent above the Toronto close of October 14, 2026.
Second-quarter revenue reaches CAD 2.05 billion
Definity Financial reported revenue of CAD 2.05 billion for the second quarter ended June 30, 2026, while net margin was 7.22 percent, according to MarketBeat. The revenue figure gives the analyst reset a concrete operating backdrop, while the target remains above the latest Toronto quotation.
Range and volume frame the move
At CAD 70.49 on the Toronto Stock Exchange on October 15, 2026, the stock stood 14.65 percent below its 52-week high of CAD 82.59 and 13.93 percent above its low of CAD 61.87. Trading volume reached 154,093 shares, 16.03 percent below the average volume of 183,506 shares.
Valuation and November reporting date
Definity Financial had a market capitalization of CAD 8.5 billion, a P/E ratio of 18.36 and a dividend yield of 1.00 percent on October 15, 2026. TD Securities maintained a Buy rating while lowering its target from CAD 93.00 to CAD 87.00 in an October 14 update carried by The Globe and Mail. The next quarterly results are scheduled for November 5, 2026, according to Yahoo Finance.
Comparison with peers
Definity Financial (TSX, CAD): plus 2.98 percent, P/E 18.36, market capitalization CAD 8.5 billion
Intact Financial (TSX, CAD): plus 3.13 percent, P/E 14.00, market capitalization CAD 44.4 billion
Fairfax Financial (TSX, CAD): plus 5.13 percent, P/E 8.34, market capitalization CAD 50.1 billion
Euro quote after the Xetra close
Definity Financial stock was trading at EUR 44.30 at Lang & Schwarz on October 15, 2026 at 10:16 p.m. CEST, 2.98 percent above the Toronto close of October 14, 2026. The price sits within the current CAD 61.87 to CAD 82.59 Toronto range when read alongside the home-market quotation. The further course of trading is shown by the continuously updated real-time quote of Definity Financial stock.
Definity Financial market data
- Company: Definity Financial Corporation
- ISIN: CA24477T1003
- Ticker: DFY.TO
- Primary exchange: Toronto Stock Exchange
- Price Lang & Schwarz (as of October 15, 2026, 10:16 p.m. CEST): EUR 44.30
- Change versus Toronto close: plus 2.98 percent
- Market capitalization: CAD 8.5 billion (as of October 15, 2026)
- 52-week range: CAD 61.87-CAD 82.59 (as of October 15, 2026)
- Sector / Industry: Financial Services / Insurance - Property and Casualty
Market context: Market report S&P/TSX Composite.
