Definity Financial (TSE:DFY) Given New C$81.00 Price Target at Jefferies Financial Group

Definity Financial (TSE:DFY) had its target price upped by equities research analysts at Jefferies Financial Group from C$76.00 to C$81.00 in a report issued on Monday,BayStreet.CA reports. Jefferies Financial Group’s target price would indicate a potential upside of 19.38% from the stock’s current price.

DFY has been the topic of several other research reports. Desjardins reduced their target price on shares of Definity Financial from C$75.00 to C$73.00 and set a “hold” rating on the stock in a research note on Monday, April 27th. Scotiabank boosted their target price on Definity Financial from C$65.00 to C$80.00 in a research report on Friday, January 30th. National Bank Financial boosted their target price on Definity Financial from C$93.00 to C$94.00 in a research report on Wednesday, April 29th. Barclays decreased their target price on Definity Financial from C$81.00 to C$78.00 in a research report on Wednesday, April 8th. Finally, Raymond James Financial decreased their target price on Definity Financial from C$74.00 to C$72.00 and set a “market perform” rating for the company in a research report on Friday, February 13th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$79.20.

Definity Financial Trading Down 1.2%

Shares of TSE DFY traded down C$0.80 during mid-day trading on Monday, hitting C$67.85. The company’s stock had a trading volume of 104,459 shares, compared to its average volume of 184,120. The stock has a market cap of C$8.14 billion, a price-to-earnings ratio of 19.33, a price-to-earnings-growth ratio of 2.63 and a beta of 0.07. The company has a debt-to-equity ratio of 28.76, a current ratio of 0.27 and a quick ratio of 0.31. Definity Financial has a one year low of C$61.87 and a one year high of C$79.95. The company’s fifty day simple moving average is C$66.66 and its 200-day simple moving average is C$69.21.

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