Definity Financial (TSE:DFY) Price Target Raised to C$81.00

Definity Financial (TSE:DFY) had its price objective boosted by Barclays from C$80.00 to C$81.00 in a report released on Friday morning,BayStreet.CA reports. The brokerage currently has an equal weight rating on the stock.

Several other analysts also recently weighed in on DFY. Scotiabank boosted their price objective on shares of Definity Financial from C$65.00 to C$80.00 in a research report on Friday, January 30th. TD Securities upgraded shares of Definity Financial from a “hold” rating to a “buy” rating and boosted their price target for the stock from C$74.00 to C$80.00 in a research note on Friday, November 7th. BMO Capital Markets raised their target price on Definity Financial from C$68.00 to C$73.00 in a report on Monday, November 10th. Jefferies Financial Group set a C$88.00 price target on Definity Financial and gave the stock a “buy” rating in a research note on Wednesday, January 7th. Finally, Desjardins dropped their target price on shares of Definity Financial from C$80.00 to C$70.00 and set a “hold” rating for the company in a report on Friday, October 24th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$78.27.

Definity Financial Price Performance

DFY opened at C$67.85 on Friday. The business has a fifty day moving average price of C$72.43 and a 200 day moving average price of C$71.18. Definity Financial has a 12 month low of C$57.25 and a 12 month high of C$79.95. The stock has a market capitalization of C$8.14 billion, a price-to-earnings ratio of 19.33, a PEG ratio of 2.63 and a beta of -0.16.

Definity Financial (TSE:DFY) last announced its quarterly earnings data on Thursday, February 12th. The company reported C$0.99 earnings per share (EPS) for the quarter. Definity Financial had a return on equity of 18.19% and a net margin of 12.32%.The business had revenue of C$1.10 billion during the quarter. On average, research analysts anticipate that Definity Financial will post 3.1263962 earnings per share for the current year.

Insiders Place Their Bets

In other Definity Financial news, insider Craig Edward David Richardson sold 1,881 shares of the firm’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of C$70.80, for a total value of C$133,174.80. Following the transaction, the insider directly owned 7 shares of the company’s stock, valued at C$495.60. This trade represents a 99.63% decrease in their ownership of the stock. 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.