National Bank Financial Issues Positive Forecast for Definity Financial (TSE:DFY) Stock Price

Definity Financial (TSE:DFY) had its target price upped by equities researchers at National Bank Financial from C$94.00 to C$96.00 in a report released on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price objective would indicate a potential upside of 19.12% from the company’s previous close.

Several other research analysts have also commented on the company. Canadian Imperial Bank of Commerce lifted their price target on Definity Financial from C$74.00 to C$84.00 in a report on Tuesday, July 14th. Desjardins dropped 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 report on Monday, April 27th. Barclays raised their price objective on shares of Definity Financial from C$78.00 to C$79.00 in a research report on Friday, May 8th. 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 note on Friday, May 8th. Finally, Jefferies Financial Group boosted their target price on shares of Definity Financial from C$76.00 to C$81.00 in a report on Monday, May 4th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$81.40.

Definity Financial Price Performance

Shares of Definity Financial stock traded up C$1.29 on Monday, hitting C$80.59. 114,212 shares of the company were exchanged, compared to its average volume of 177,515. The company has a quick ratio of 0.31, a current ratio of 1.25 and a debt-to-equity ratio of 43.41. The company has a 50-day moving average price of C$72.87 and a 200 day moving average price of C$69.66. The stock has a market capitalization of C$9.69 billion, a price-to-earnings ratio of 24.87, a price-to-earnings-growth ratio of 2.63 and a beta of -0.05. Definity Financial has a 1-year low of C$61.87 and a 1-year high of C$80.95.

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

Insider Buying and Selling

In other news, insider Brigid V. Pelino sold 5,000 shares of the firm’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of C$72.00, for a total transaction of C$360,000.00. Following the completion of the transaction, the insider directly owned 74,109 shares in the company, valued at C$5,335,848. This trade represents a 6.32% decrease in their ownership of the stock. 0.50% of the stock is owned by company 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.