Definity Financial (TSE:DFY) Given New C$72.00 Price Target at Raymond James Financial

Definity Financial (TSE:DFY) had its target price decreased by Raymond James Financial from C$74.00 to C$72.00 in a research report released on Friday morning,BayStreet.CA reports. Raymond James Financial currently has a market perform rating on the stock.

Several other brokerages also recently issued reports on DFY. Jefferies Financial Group set a C$88.00 price target on Definity Financial and gave the stock a “buy” rating in a report on Wednesday, January 7th. BMO Capital Markets lifted their price objective on shares of Definity Financial from C$68.00 to C$73.00 in a report on Monday, November 10th. Scotiabank increased their target price on shares of Definity Financial from C$65.00 to C$80.00 in a report on Friday, January 30th. Canadian Imperial Bank of Commerce cut their price target on shares of Definity Financial from C$80.00 to C$74.00 and set a “neutral” rating on the stock in a report on Thursday, October 23rd. Finally, Barclays increased their price objective on shares of Definity Financial from C$80.00 to C$81.00 and gave the company an “equal weight” rating in a research note on Friday. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Definity Financial currently has an average rating of “Hold” and a consensus price target of C$78.27.

Definity Financial Price Performance

TSE:DFY opened at C$67.85 on Friday. Definity Financial has a one year low of C$57.25 and a one year high of C$79.95. The company has a market cap of C$8.14 billion, a PE ratio of 16.75, a PEG ratio of 2.63 and a beta of -0.16. The firm has a 50-day moving average of C$72.43 and a 200-day moving average of C$71.26.

Definity Financial (TSE:DFY) last released its quarterly earnings results on Thursday, February 12th. The company reported C$0.99 earnings per share (EPS) for the quarter. The business had revenue of C$1.10 billion during the quarter. Definity Financial had a return on equity of 18.19% and a net margin of 12.32%. On average, equities research analysts expect that Definity Financial will post 3.1263962 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Definity Financial news, insider Craig Edward David Richardson sold 1,881 shares of the business’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of C$70.80, for a total value of C$133,174.80. Following the transaction, the insider directly owned 7 shares in the company, valued at C$495.60. The trade was a 99.63% decrease in their ownership of the stock. 0.50% of the stock is currently owned by insiders.

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.