Definity Financial (TSE:DFY) Price Target Raised to C$50.00 at Royal Bank of Canada

Definity Financial (TSE:DFY) had its price target increased by investment analysts at Royal Bank of Canada from C$49.00 to C$50.00 in a report released on Monday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price target points to a potential upside of 8.96% from the company’s current price.

Several other research analysts also recently weighed in on DFY. National Bankshares upped their price target on Definity Financial from C$57.00 to C$59.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 20th. CIBC upped their price target on Definity Financial from C$46.00 to C$47.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 16th. Raymond James upped their price target on Definity Financial from C$42.00 to C$46.00 and gave the stock a “market perform” rating in a research note on Friday, February 16th. TD Securities upped their price target on Definity Financial from C$45.00 to C$49.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Finally, Desjardins upped their price target on Definity Financial from C$44.00 to C$45.00 and gave the stock a “hold” rating in a research note on Tuesday, April 16th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$47.70.

Definity Financial Trading Down 0.6 %

Shares of TSE:DFY opened at C$45.89 on Monday. The stock has a 50 day moving average of C$44.78 and a 200 day moving average of C$40.30. The company has a market cap of C$5.32 billion, a PE ratio of 15.30, a price-to-earnings-growth ratio of 2.63 and a beta of 0.08. The company has a current ratio of 4.68, a quick ratio of 0.31 and a debt-to-equity ratio of 4.99. Definity Financial has a 12-month low of C$32.09 and a 12-month high of C$47.50.

Definity Financial (TSE:DFY) last announced its quarterly earnings data on Thursday, February 15th. The company reported C$0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.74 by C$0.12. The company had revenue of C$1 billion during the quarter. Definity Financial had a return on equity of 12.52% and a net margin of 9.06%. As a group, equities research analysts expect that Definity Financial will post 2.7913715 EPS for the current year.

Definity Financial Company Profile

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