Definity Financial (TSE:DFY) Price Target Raised to C$80.00 at Scotiabank

Definity Financial (TSE:DFY) had its price target hoisted by Scotiabank from C$65.00 to C$80.00 in a research report released on Friday,BayStreet.CA reports.

Several other analysts have also commented on DFY. BMO Capital Markets boosted their price target on Definity Financial from C$68.00 to C$73.00 in a research note on Monday, November 10th. Barclays lifted their price objective on Definity Financial from C$78.00 to C$80.00 in a report on Friday, January 9th. TD Securities raised shares of Definity Financial from a “hold” rating to a “buy” rating and upped their target price for the stock from C$74.00 to C$80.00 in a report on Friday, November 7th. National Bankshares lifted their price target on shares of Definity Financial from C$92.00 to C$93.00 in a report on Monday, November 10th. Finally, Jefferies Financial Group set a C$88.00 price target on shares of Definity Financial and gave the company a “buy” rating in a research report on Wednesday, January 7th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$78.36.

Definity Financial Stock Down 1.8%

TSE DFY opened at C$66.64 on Friday. Definity Financial has a twelve month low of C$55.27 and a twelve month high of C$79.95. The stock has a market cap of C$7.99 billion, a P/E ratio of 16.45, a PEG ratio of 2.63 and a beta of -0.18. The company’s 50-day simple moving average is C$73.42 and its 200 day simple moving average is C$72.01.

Definity Financial (TSE:DFY) last announced its quarterly earnings results on Thursday, November 6th. The company reported C$1.59 EPS for the quarter. Definity Financial had a net margin of 12.32% and a return on equity of 18.19%. The firm had revenue of C$1.56 billion during the quarter. Research analysts anticipate that Definity Financial will post 3.1263962 earnings per share for the current year.

Insider Transactions at Definity Financial

In other Definity Financial news, insider Craig Edward David Richardson sold 1,881 shares of the stock in a transaction dated Friday, November 21st. The shares were sold at an average price of C$70.80, for a total transaction of C$133,174.80. Following the sale, the insider owned 7 shares of the company’s stock, valued at C$495.60. This represents a 99.63% decrease in their position. 0.50% of the stock is currently owned by company insiders.

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.