Definity Financial (TSE:DFY) Given New C$81.00 Price Target at Jefferies Financial Group

Key Points

• Jefferies raised its price target on Definity Financial to C$81.00, implying roughly a 19.4% upside from the prior close; the analyst consensus remains a "Hold" with an average target of C$79.20 (3 Buy, 4 Hold).
• Shares traded at C$67.85 (down C$0.80) with a market cap of C$8.14B and a P/E of 19.33; the company reported C$0.99 EPS last quarter and analysts expect about 3.13 EPS for the year.
• Definity Financial is a Canadian multi-channel property and casualty insurer offering auto, property, liability and pet insurance, with a one-year trading range of C$61.87–C$79.95.

Definity Financial (TSE:DFY - Get Free Report) had its price target upped by equities research analysts at Jefferies Financial Group from C$76.00 to C$81.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Jefferies Financial Group's price objective would indicate a potential upside of 19.38% from the company's previous close.

Several other research analysts have also issued reports on the company. Desjardins dropped their price objective on Definity Financial from C$75.00 to C$73.00 and set a "hold" rating for the company in a research note on Monday, April 27th. Scotiabank increased their price objective on Definity Financial from C$65.00 to C$80.00 in a research note on Friday, January 30th. National Bank Financial increased their price objective on Definity Financial from C$93.00 to C$94.00 in a research note on Wednesday, April 29th. Barclays lowered their target price on Definity Financial from C$81.00 to C$78.00 in a research note on Wednesday, April 8th. Finally, Raymond James Financial reduced their price target on shares of Definity Financial from C$74.00 to C$72.00 and set a "market perform" rating on the stock in a research report on Friday, February 13th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of C$79.20.

Definity Financial Stock Performance

Definity Financial stock traded down C$0.80 on Monday, hitting C$67.85. The company's stock had a trading volume of 104,459 shares, compared to its average volume of 184,120. The firm has a market cap of C$8.14 billion, a P/E ratio of 19.33, a price-to-earnings-growth ratio of 2.63 and a beta of 0.07. The company has a quick ratio of 0.31, a current ratio of 0.27 and a debt-to-equity ratio of 28.76. The company has a fifty day moving average price of C$66.66 and a 200-day moving average price of C$69.21. Definity Financial has a one year low of C$61.87 and a one year high of C$79.95.

Definity Financial (TSE:DFY - Get Free Report) last released 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 11.01% and a net margin of 8.58%.The firm had revenue of C$1.10 billion during the quarter. On average, equities analysts anticipate that Definity Financial will post 3.1263962 earnings per share for the current 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.

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