Definity Financial (TSE:DFY) Price Target Cut to C$78.00 by Analysts at Barclays

Key Points

• Barclays cut its price target for Definity Financial from C$81.00 to C$78.00, implying roughly a 21.95% upside versus the company's current share price.
• Analystviews are mixed: three analysts rate the stock Buy and five rate it Hold, leaving an average rating of "Hold" and an average price target of C$79.50, with individual targets ranging from C$72 (Raymond James) to C$88 (Jefferies).
• Shares traded up 2.1% to C$63.96; the company has a market cap of C$7.67B and a P/E of 18.22, and it reported C$0.99 EPS on C$1.10B revenue in the most recent quarter.

Definity Financial (TSE:DFY - Get Free Report) had its price target decreased by investment analysts at Barclays from C$81.00 to C$78.00 in a report released on Wednesday,BayStreet.CA reports. Barclays's target price would suggest a potential upside of 21.95% from the company's current price.

A number of other equities research analysts also recently commented on the company. Scotiabank upped their price objective on Definity Financial from C$65.00 to C$80.00 in a report on Friday, January 30th. Jefferies Financial Group set a C$88.00 price objective on Definity Financial and gave the company a "buy" rating in a report on Wednesday, January 7th. Finally, Raymond James Financial dropped their price objective on Definity Financial from C$74.00 to C$72.00 and set a "market perform" rating for the company in a report on Friday, February 13th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of C$79.50.

Definity Financial Trading Up 2.1%

Shares of DFY stock traded up C$1.29 on Wednesday, reaching C$63.96. 81,463 shares of the stock were exchanged, compared to its average volume of 180,979. The stock has a market cap of C$7.67 billion, a PE ratio of 18.22, a P/E/G ratio of 2.63 and a beta of 0.07. Definity Financial has a one year low of C$59.32 and a one year high of C$79.95. The company has a debt-to-equity ratio of 28.76, a current ratio of 0.27 and a quick ratio of 0.31. The stock has a 50 day moving average price of C$66.75 and a 200 day moving average price of C$69.69.

Definity Financial (TSE:DFY - Get Free Report) last released its earnings results on Thursday, February 12th. The company reported C$0.99 earnings per share for the quarter. The company had revenue of C$1.10 billion during the quarter. Definity Financial had a return on equity of 11.01% and a net margin of 8.58%. Equities research analysts forecast that Definity Financial will post 3.1263962 EPS for the current fiscal 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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