Definity Financial Co. (TSE:DFY) Receives Average Recommendation of “Hold” from Brokerages

Definity Financial Co. (TSE:DFY) has been assigned an average recommendation of “Hold” from the eight research firms that are currently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$79.80.

DFY has been the topic of several research reports. BMO Capital Markets boosted their price target on Definity Financial from C$68.00 to C$73.00 in a report on Monday, November 10th. Barclays lifted their target price on shares of Definity Financial from C$80.00 to C$81.00 and gave the stock an “equal weight” rating in a research report on Friday, February 13th. Jefferies Financial Group set a C$88.00 price target on shares of Definity Financial and gave the company a “buy” rating in a research report on Wednesday, January 7th. Scotiabank lifted their price target on shares of Definity Financial from C$65.00 to C$80.00 in a report on Friday, January 30th. Finally, Desjardins reduced their price objective on shares of Definity Financial from C$80.00 to C$70.00 and set a “hold” rating on the stock in a research note on Friday, October 24th.

Definity Financial Stock Performance

Shares of TSE:DFY opened at C$67.37 on Monday. Definity Financial has a 52-week low of C$57.25 and a 52-week high of C$79.95. The company has a market capitalization of C$8.08 billion, a PE ratio of 19.19, a price-to-earnings-growth ratio of 2.63 and a beta of -0.16. The company has a fifty day moving average of C$71.92 and a 200-day moving average of C$70.99.

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