Definity Financial (TSE:DFY) Given a C$88.00 Price Target by Jefferies Financial Group Analysts

Definity Financial (TSE:DFY) has been assigned a C$88.00 target price by equities research analysts at Jefferies Financial Group in a research note issued on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 16.71% from the company’s current price.

Other research analysts have also issued reports about the stock. BMO Capital Markets upped their target price on shares of Definity Financial from C$68.00 to C$73.00 in a report on Monday, November 10th. National Bankshares boosted their price objective on shares of Definity Financial from C$92.00 to C$93.00 in a research report on Monday, November 10th. Scotiabank raised their target price on shares of Definity Financial from C$92.00 to C$93.00 in a research report on Friday, November 7th. CIBC cut their price target on Definity Financial from C$80.00 to C$74.00 and set a “neutral” rating for the company in a report on Thursday, October 23rd. Finally, Desjardins reduced their price target on 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. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Definity Financial presently has an average rating of “Hold” and an average price target of C$79.50.

Definity Financial Price Performance

Shares of Definity Financial stock opened at C$75.40 on Wednesday. Definity Financial has a 1 year low of C$53.26 and a 1 year high of C$79.95. The business has a 50 day moving average price of C$72.25 and a 200 day moving average price of C$72.60. The company has a market capitalization of C$9.04 billion, a P/E ratio of 18.62, a P/E/G ratio of 2.63 and a beta of -0.18.

Definity Financial (TSE:DFY) last released its quarterly earnings results on Thursday, November 6th. The company reported C$1.59 earnings per share for the quarter. Definity Financial had a return on equity of 18.19% and a net margin of 12.32%.The company had revenue of C$1.56 billion during the quarter. As a group, research analysts expect that Definity Financial will post 3.1263962 EPS for the current fiscal year.

Insider Buying and Selling at Definity Financial

In other news, insider Craig Edward David Richardson sold 1,881 shares of the business’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of C$70.80, for a total transaction of C$133,174.80. Following the completion of the sale, the insider owned 7 shares in the company, valued at approximately C$495.60. The trade was a 99.63% decrease in their position. Company insiders own 0.50% of the company’s stock.

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.