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

Shares of Definity Financial Co. (TSE:DFY) have been given an average recommendation of “Moderate Buy” by the eight analysts that are currently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$79.91.

Several brokerages recently weighed in on DFY. Barclays boosted their price objective on shares of Definity Financial from C$78.00 to C$79.00 in a research note on Friday, May 8th. TD boosted their price objective on shares of Definity Financial from C$85.00 to C$86.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Jefferies Financial Group upped their price target on shares of Definity Financial from C$76.00 to C$81.00 in a research report on Monday, May 4th. Scotiabank upped their price target on shares of Definity Financial from C$65.00 to C$80.00 in a research report on Friday, January 30th. Finally, National Bank Financial upped their price target on shares of Definity Financial from C$93.00 to C$94.00 in a research report on Wednesday, April 29th.

Definity Financial Stock Performance

TSE DFY opened at C$66.05 on Wednesday. The firm’s fifty day moving average price is C$66.25 and its two-hundred day moving average price is C$69.27. The stock has a market cap of C$7.94 billion, a PE ratio of 20.39, a PEG ratio of 2.63 and a beta of 0.04. Definity Financial has a fifty-two week low of C$61.87 and a fifty-two week high of C$79.95.

Definity Financial (TSE:DFY) last posted its earnings results on Thursday, May 7th. The company reported C$0.97 earnings per share for the quarter. Definity Financial had a net margin of 6.94% and a return on equity of 9.82%. The firm had revenue of C$1.92 billion for the quarter. As a group, sell-side analysts predict that Definity Financial will post 3.1263962 earnings per share for the current fiscal year.

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.