Brokerages Set Definity Financial Co. (TSE:DFY) Target Price at C$79.91

Definity Financial Co. (TSE:DFY) has been assigned an average rating of “Moderate Buy” from the eight analysts that are covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$79.91.

DFY has been the topic of several research reports. Raymond James Financial lowered their price target on shares of Definity Financial from C$74.00 to C$72.00 and set a “market perform” rating on the stock in a research report on Friday, February 13th. Barclays increased their price target on shares of Definity Financial from C$78.00 to C$79.00 in a research report on Friday, May 8th. Desjardins lowered their price target on shares of Definity Financial from C$75.00 to C$73.00 and set a “hold” rating on the stock in a research report on Monday, April 27th. National Bank Financial increased their price target on shares of Definity Financial from C$93.00 to C$94.00 in a research report on Wednesday, April 29th. Finally, Jefferies Financial Group increased their price target on shares of Definity Financial from C$76.00 to C$81.00 in a research report on Monday, May 4th.

Definity Financial Price Performance

DFY stock opened at C$67.30 on Wednesday. The company’s 50 day simple moving average is C$66.23 and its 200-day simple moving average is C$69.24. The firm has a market capitalization of C$8.09 billion, a PE ratio of 20.77, a P/E/G ratio of 2.63 and a beta of 0.04. 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 released its quarterly earnings results on Thursday, May 7th. The company reported C$0.97 EPS for the quarter. The business had revenue of C$1.92 billion for the quarter. Definity Financial had a net margin of 6.94% and a return on equity of 9.82%. As a group, sell-side analysts anticipate that Definity Financial will post 3.1263962 earnings per share for the current year.

About Definity Financial

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