Definity Financial (TSE:DFY) PT Raised to C$50.00

Definity Financial (TSE:DFY) had its target price boosted by investment analysts at Royal Bank of Canada from C$49.00 to C$50.00 in a report released on Monday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 8.96% from the stock’s previous close.

DFY has been the subject of a number of other research reports. Cormark raised their price objective on shares of Definity Financial from C$42.00 to C$43.00 in a research note on Friday, February 16th. CIBC raised their price objective on shares of Definity Financial from C$46.00 to C$47.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 16th. Scotiabank raised their price objective on shares of Definity Financial from C$49.00 to C$51.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Raymond James raised their price objective on shares of Definity Financial from C$42.00 to C$46.00 and gave the stock a “market perform” rating in a research note on Friday, February 16th. Finally, BMO Capital Markets lifted their target price on shares of Definity Financial from C$40.00 to C$44.00 and gave the company a “market perform” rating in a research note on Tuesday, February 20th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$47.70.

Definity Financial Trading Down 0.6 %

Definity Financial stock opened at C$45.89 on Monday. The company has a debt-to-equity ratio of 4.99, a quick ratio of 0.31 and a current ratio of 4.68. The firm has a market cap of C$5.32 billion, a price-to-earnings ratio of 15.30, a price-to-earnings-growth ratio of 2.63 and a beta of 0.08. Definity Financial has a 1 year low of C$32.09 and a 1 year high of C$47.50. The firm’s 50 day moving average price is C$44.78 and its two-hundred day moving average price is C$40.30.

Definity Financial (TSE:DFY) last posted its quarterly earnings results on Thursday, February 15th. The company reported C$0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.74 by C$0.12. The firm had revenue of C$1 billion for the quarter. Definity Financial had a net margin of 9.06% and a return on equity of 12.52%. On average, research analysts predict that Definity Financial will post 2.7913715 EPS for the current fiscal year.

About Definity Financial

Definity Financial Corporation, together with its subsidiaries, offers property and casualty insurance products in Canada. It provides personal insurance products, including auto, property, general and umbrella liability, and pet insurance products to individuals under the Economical, Sonnet, Family, Petsecure, and Peppermint brands; and commercial insurance products, which include fleet, commercial auto, property, liability, and specialty insurance products to businesses under the Definity Insurance and Economical brand name.