National Bank Financial Forecasts Strong Price Appreciation for Definity Financial (TSE:DFY) Stock

Key Points

• National Bank Financial raised its price target on Definity Financial to C$96 from C$92 and maintained an “outperform” rating, implying about 29.9% upside from the share price cited.
• Analyst views are mixed: four rate the stock Buy and four Hold, giving it a consensus “Moderate Buy” rating and C$84 consensus price target.
• Shares fell 0.9% to C$73.89 on Monday. Definity reported quarterly EPS of C$0.36 and revenue of C$1.48 billion.

Definity Financial (TSE:DFY - Get Free Report) had its price target increased by equities researchers at National Bank Financial from C$92.00 to C$96.00 in a research note issued on Monday, BayStreet reports. The brokerage presently has an "outperform" rating on the stock. National Bank Financial's target price would suggest a potential upside of 29.92% from the stock's current price.

A number of other equities analysts also recently commented on DFY. Raymond James Financial cut their price objective on Definity Financial from C$85.00 to C$84.00 and set a "market perform" rating on the stock in a report on Friday, October 16th. Scotia decreased their target price on Definity Financial from C$84.00 to C$83.00 and set a "sector perform" rating for the company in a report on Wednesday, October 7th. RBC Dominion Securities decreased their target price on Definity Financial from C$94.00 to C$87.00 and set an "outperform" rating for the company in a report on Thursday, October 15th. TD dropped their target price on shares of Definity Financial from C$93.00 to C$87.00 and set a "buy" rating for the company in a research report on Wednesday, October 14th. Finally, Canadian Imperial Bank of Commerce raised their price target on shares of Definity Financial from C$74.00 to C$84.00 in a report on Tuesday, July 14th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$84.00.

Definity Financial Trading Down 0.9%

Shares of DFY traded down C$0.68 during trading hours on Monday, hitting C$73.89. The stock had a trading volume of 53,310 shares, compared to its average volume of 178,268. The company has a debt-to-equity ratio of 37.12, a quick ratio of 0.31 and a current ratio of 1.35. The firm has a market cap of C$8.86 billion, a P/E ratio of 19.19, a P/E/G ratio of 2.63 and a beta of 0.14. The company's fifty day simple moving average is C$71.47 and its 200 day simple moving average is C$70.80. Definity Financial has a 12-month low of C$61.87 and a 12-month high of C$82.59.

Definity Financial (TSE:DFY - Get Free Report) last issued its earnings results on Thursday, November 5th. The company reported C$0.36 earnings per share for the quarter. Definity Financial had a return on equity of 11.45% and a net margin of 7.22%. The firm had revenue of C$1.48 billion for the quarter. Equities research analysts forecast that Definity Financial will post 3.13 EPS for the current fiscal year.

About Definity Financial

Definity Financial Corporation ('Definity', which includes its subsidiaries where the context so requires) is one of the leading property and casualty insurers in Canada, with approximately $6.4 billion in gross written premiums (pro forma with the Travelers Transaction 1 ) for the 12 months ended June 30, 2026 and $4.2 billion in equity attributable to common shareholders as at June 30, 2026.

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