Definity Financial (TSE:DFY) Price Target Raised to C$94.00 at National Bank Financial

Definity Financial (TSE:DFY) had its price target hoisted by National Bank Financial from C$93.00 to C$94.00 in a report issued on Wednesday morning,BayStreet.CA reports.

DFY has been the subject of several other reports. Jefferies Financial Group set a C$88.00 target price on Definity Financial and gave the stock a “buy” rating in a research report on Wednesday, January 7th. Scotiabank upped their price target on Definity Financial from C$65.00 to C$80.00 in a research report on Friday, January 30th. Barclays lowered their price objective on Definity Financial from C$81.00 to C$78.00 in a research report on Wednesday, April 8th. Raymond James Financial cut their price objective on Definity Financial from C$74.00 to C$72.00 and set a “market perform” rating on the stock in a research note on Friday, February 13th. Finally, Desjardins decreased their target price 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. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of C$79.90.

Definity Financial Stock Up 0.6%

Shares of TSE DFY opened at C$68.25 on Wednesday. The company has a 50 day simple moving average of C$66.61 and a 200 day simple moving average of C$69.21. The company has a debt-to-equity ratio of 28.76, a current ratio of 0.27 and a quick ratio of 0.31. Definity Financial has a 1 year low of C$61.87 and a 1 year high of C$79.95. The firm has a market cap of C$8.18 billion, a PE ratio of 19.44, a price-to-earnings-growth ratio of 2.63 and a beta of 0.07.

Definity Financial (TSE:DFY) last announced its quarterly earnings results on Thursday, February 12th. The company reported C$0.99 earnings per share (EPS) for the quarter. The firm had revenue of C$1.10 billion during the quarter. Definity Financial had a net margin of 8.58% and a return on equity of 11.01%. On average, research analysts forecast that Definity Financial will post 3.1263962 EPS for the current year.

About Definity Financial

Definity Financial Corp is a multi-channel, property, and casualty insurance company. It offers auto, property, liability, and pet insurance products to individual customers.