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

Definity Financial Co. (TSE:DFY) has been assigned an average recommendation of “Moderate Buy” from the eight analysts that are currently 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 analysts that have updated their coverage on the stock in the last year is C$79.91.

Several brokerages have issued reports on DFY. Desjardins decreased their price objective 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. TD lifted their price target on shares of Definity Financial from C$85.00 to C$86.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Barclays lifted their price target on shares of Definity Financial from C$78.00 to C$79.00 in a research note on Friday, May 8th. Raymond James Financial decreased their price target 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. Finally, Jefferies Financial Group lifted their price target on shares of Definity Financial from C$76.00 to C$81.00 in a research note on Monday, May 4th.

Definity Financial Price Performance

Shares of TSE DFY opened at C$66.05 on Wednesday. The company has a market cap of C$7.94 billion, a P/E ratio of 20.39, a PEG ratio of 2.63 and a beta of 0.04. Definity Financial has a 1 year low of C$61.87 and a 1 year high of C$79.95. The firm has a 50-day simple moving average of C$66.25 and a two-hundred day simple moving average of C$69.27.

Definity Financial (TSE:DFY) last announced its quarterly earnings data on Thursday, May 7th. The company reported C$0.97 earnings per share (EPS) for the quarter. The business had revenue of C$1.92 billion during the quarter. Definity Financial had a net margin of 6.94% and a return on equity of 9.82%. As a group, equities research analysts expect that Definity Financial will post 3.1263962 EPS 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.