Definity Financial (TSE:DFY) Given New C$87.00 Price Target at TD

Definity Financial (TSE:DFY) had its price objective lowered by equities research analysts at TD from C$93.00 to C$87.00 in a research note issued on Wednesday, BayStreet reports. The firm presently has a “buy” rating on the stock. TD’s price target would suggest a potential upside of 27.30% from the stock’s previous close.

Other research analysts have also recently issued reports about the company. Raymond James Financial boosted their target price on Definity Financial from C$80.00 to C$85.00 and gave the stock a “market perform” rating in a report on Friday, July 31st. National Bank Financial increased their price target on Definity Financial from C$94.00 to C$96.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Jefferies Financial Group increased their price target on Definity Financial from C$83.00 to C$91.00 and gave the company a “buy” rating in a report on Monday, July 27th. Canadian Imperial Bank of Commerce lifted their price objective on Definity Financial from C$74.00 to C$84.00 in a research report on Tuesday, July 14th. Finally, Scotia lowered their price objective on Definity Financial from C$84.00 to C$83.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 7th. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of C$82.82.

Definity Financial Price Performance

DFY traded down C$0.56 on Wednesday, reaching C$68.34. 43,051 shares of the company’s stock were exchanged, compared to its average volume of 179,389. Definity Financial has a twelve month low of C$61.87 and a twelve month high of C$82.59. The stock has a market cap of C$8.21 billion, a PE ratio of 17.75, a P/E/G ratio of 2.63 and a beta of 0.10. The company has a debt-to-equity ratio of 37.12, a current ratio of 1.35 and a quick ratio of 0.31. The stock’s fifty day moving average price is C$72.83 and its 200-day moving average price is C$71.49.

Definity Financial (TSE:DFY) last announced its quarterly earnings data on Thursday, July 30th. The company reported C$0.97 earnings per share (EPS) for the quarter. The company had revenue of C$2.05 billion during the quarter. Definity Financial had a net margin of 7.22% and a return on equity of 11.45%. Sell-side analysts expect that Definity Financial will post 3.13 EPS for the current year.

Insiders Place Their Bets

In other Definity Financial news, insider Innes Fraser Dey sold 4,800 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of C$81.00, for a total value of C$388,800.00. Following the transaction, the insider directly owned 53,150 shares in the company, valued at C$4,305,150. The trade was a 8.28% decrease in their position. In the last quarter, insiders have sold 13,638 shares of company stock valued at $1,101,345. Insiders own 0.50% of the company’s stock.

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.