Definity Financial (TSE:DFY) Price Target Raised to C$85.00 at Raymond James Financial

Definity Financial (TSE:DFY) had its price objective lifted by investment analysts at Raymond James Financial from C$80.00 to C$85.00 in a research note issued on Friday,BayStreet.CA reports. The firm presently has a “market perform” rating on the stock. Raymond James Financial’s target price would suggest a potential upside of 6.88% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. Desjardins dropped 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. Canadian Imperial Bank of Commerce upped their price objective on shares of Definity Financial from C$74.00 to C$84.00 in a report on Tuesday, July 14th. TD raised their target price on shares of Definity Financial from C$89.00 to C$93.00 and gave the company a “buy” rating in a research note on Friday. Barclays lifted their target price on shares of Definity Financial from C$78.00 to C$79.00 in a report on Friday, May 8th. Finally, National Bank Financial upped their price target on shares of Definity Financial from C$94.00 to C$96.00 and gave the company an “outperform” rating in a report on Monday. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$83.40.

Definity Financial Stock Up 1.3%

Shares of DFY traded up C$1.02 during trading hours on Friday, hitting C$79.53. 209,804 shares of the company were exchanged, compared to its average volume of 179,424. The company has a debt-to-equity ratio of 43.41, a quick ratio of 0.31 and a current ratio of 1.25. The company has a market cap of C$9.56 billion, a PE ratio of 24.55, a PEG ratio of 2.63 and a beta of -0.05. The firm’s 50 day moving average is C$73.78 and its 200-day moving average is C$69.79. Definity Financial has a 52 week low of C$61.87 and a 52 week high of C$81.99.

Definity Financial (TSE:DFY) last issued its quarterly earnings data on Thursday, July 30th. The company reported C$0.97 earnings per share for the quarter. Definity Financial had a return on equity of 9.82% and a net margin of 6.94%.The business had revenue of C$2.05 billion for the quarter. On average, equities research analysts forecast that Definity Financial will post 3.1263962 EPS for the current fiscal year.

Insider Activity at Definity Financial

In other news, insider Brigid V. Pelino sold 5,000 shares of Definity Financial stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of C$72.00, for a total transaction of C$360,000.00. Following the sale, the insider owned 74,109 shares of the company’s stock, valued at approximately C$5,335,848. This trade represents a 6.32% decrease in their position. Corporate insiders own 0.50% of the company’s stock.

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.