Definity Financial (TSE:DFY) Price Target Raised to C$86.00 at TD

Definity Financial (TSE:DFY) had its price target hoisted by TD from C$85.00 to C$86.00 in a research report sent to investors on Friday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other research analysts also recently weighed in on DFY. Jefferies Financial Group upped their target price on shares of Definity Financial from C$76.00 to C$81.00 in a report on Monday, May 4th. Scotiabank boosted their price target on Definity Financial from C$65.00 to C$80.00 in a report on Friday, January 30th. Barclays boosted their price target on Definity Financial from C$78.00 to C$79.00 in a report on Friday. Desjardins lowered their price target on 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. Finally, Raymond James Financial lowered their price target on Definity Financial from C$74.00 to C$72.00 and set a “market perform” rating on the stock in a report on Friday, February 13th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Definity Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of C$79.91.

Definity Financial Trading Up 4.5%

Shares of Definity Financial stock opened at C$68.58 on Friday. The company has a market capitalization of C$8.22 billion, a P/E ratio of 19.54, a P/E/G ratio of 2.63 and a beta of 0.04. The company has a debt-to-equity ratio of 28.76, a quick ratio of 0.31 and a current ratio of 0.27. The company has a fifty day moving average of C$66.52 and a 200 day moving average of C$69.19. Definity Financial has a fifty-two week low of C$61.87 and a fifty-two week high of C$79.95.

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