Definity Financial (TSE:DFY) Price Target Raised to C$94.00

Definity Financial (TSE:DFY) had its price objective upped by National Bank Financial from C$93.00 to C$94.00 in a report issued on Wednesday morning,BayStreet.CA reports.

A number of other brokerages also recently commented on DFY. Raymond James Financial lowered their target price on shares of Definity Financial from C$74.00 to C$72.00 and set a “market perform” rating for the company in a research note on Friday, February 13th. Scotiabank boosted their target price on shares of Definity Financial from C$65.00 to C$80.00 in a research note on Friday, January 30th. Desjardins lowered their target price on shares of Definity Financial from C$75.00 to C$73.00 and set a “hold” rating for the company in a research note on Monday, April 27th. Jefferies Financial Group set a C$88.00 target price on shares of Definity Financial and gave the stock a “buy” rating in a research note on Wednesday, January 7th. Finally, Barclays lowered their target price on shares of Definity Financial from C$81.00 to C$78.00 in a research note on Wednesday, April 8th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$79.90.

Definity Financial Stock Performance

Shares of DFY stock opened at C$68.65 on Wednesday. The company has a current ratio of 0.27, a quick ratio of 0.31 and a debt-to-equity ratio of 28.76. The firm has a fifty day moving average price of C$66.66 and a 200 day moving average price of C$69.21. The company has a market cap of C$8.23 billion, a P/E ratio of 19.56, a PEG ratio of 2.63 and a beta of 0.07. Definity Financial has a 12 month low of C$61.87 and a 12 month high of C$79.95.

Definity Financial (TSE:DFY) last issued its earnings results on Thursday, February 12th. The company reported C$0.99 EPS for the quarter. The firm had revenue of C$1.10 billion during the quarter. Definity Financial had a net margin of 8.58% and a return on equity of 11.01%. Sell-side analysts predict that Definity Financial will post 3.1263962 earnings per share for the current fiscal year.

Definity Financial Company Profile

Definity Financial Corp is a multi-channel, property, and casualty insurance company. It offers auto, property, liability, and pet insurance products to individual customers.