Definity Financial (TSE:DFY) Price Target Raised to C$91.00

Definity Financial (TSE:DFY) had its target price boosted by Jefferies Financial Group from C$83.00 to C$91.00 in a research report released on Monday morning,BayStreet.CA reports. Jefferies Financial Group currently has a buy rating on the stock.

Other analysts also recently issued research reports about the company. Barclays lifted their price objective on Definity Financial from C$78.00 to C$79.00 in a research note on Friday, May 8th. TD boosted their price target on shares of Definity Financial from C$85.00 to C$86.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Desjardins lowered 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 report on Monday, April 27th. National Bank Financial lifted their price objective on shares of Definity Financial from C$94.00 to C$96.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Canadian Imperial Bank of Commerce upped their target price on shares of Definity Financial from C$74.00 to C$84.00 in a research report on Tuesday, July 14th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$81.40.

Definity Financial Price Performance

Shares of TSE:DFY opened at C$79.21 on Monday. The firm has a market cap of C$9.52 billion, a price-to-earnings ratio of 24.45, a P/E/G ratio of 2.63 and a beta of -0.05. The firm has a fifty day moving average price of C$73.59 and a 200 day moving average price of C$69.77. Definity Financial has a fifty-two week low of C$61.87 and a fifty-two week high of C$81.99. The company has a debt-to-equity ratio of 43.41, a quick ratio of 0.31 and a current ratio of 1.25.

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

Insider Transactions at Definity Financial

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