Definity Financial Co. (TSE:DFY) Receives C$79.90 Consensus Target Price from Brokerages

Definity Financial Co. (TSE:DFY) has been assigned an average recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is C$79.91.

A number of equities analysts recently commented on DFY shares. TD lifted their target price 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. Desjardins cut their price target on shares of Definity Financial from C$75.00 to C$73.00 and set a “hold” rating on the stock in a report on Monday, April 27th. Jefferies Financial Group raised their price target on shares of Definity Financial from C$76.00 to C$81.00 in a report on Monday, May 4th. Scotiabank raised their price target on shares of Definity Financial from C$65.00 to C$80.00 in a report on Friday, January 30th. Finally, Barclays raised their price target on shares of Definity Financial from C$78.00 to C$79.00 in a report on Friday.

Definity Financial Price Performance

Shares of TSE:DFY opened at C$68.58 on Friday. The stock has a market cap of C$8.22 billion, a PE ratio of 19.54, a PEG ratio of 2.63 and a beta of 0.04. The company’s fifty day moving average is C$66.52 and its 200 day moving average is C$69.19. Definity Financial has a 52 week low of C$61.87 and a 52 week high of C$79.95. The company has a quick ratio of 0.31, a current ratio of 0.27 and a debt-to-equity ratio of 28.76.

Definity Financial (TSE:DFY) last issued its earnings results on Thursday, May 7th. The company reported C$0.97 EPS for the quarter. The company had revenue of C$1.92 billion for the quarter. Definity Financial had a net margin of 8.58% and a return on equity of 11.01%. Research analysts anticipate that Definity Financial will post 3.1263962 earnings per share 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.