Definity Financial (TSE:DFY) Price Target Raised to C$79.00 at Barclays

Key Points

• Barclays raised its price target on Definity Financial to C$79.00, implying about a 15.11% upside from the company's current share price.
• Analyst coverage is mixed (four Buy, four Hold) with a consensus rating of "Moderate Buy" and a consensus price target of C$79.91, with individual targets ranging roughly from C$72 to C$94.
• Shares recently traded at C$68.63 (52‑week range C$61.87–C$79.95); the company reported quarterly EPS of C$0.97 on C$1.92 billion revenue and has a market cap of about C$8.23 billion.

Definity Financial (TSE:DFY - Get Free Report) had its target price hoisted by stock analysts at Barclays from C$78.00 to C$79.00 in a research note issued on Friday,BayStreet.CA reports. Barclays's price objective would suggest a potential upside of 15.11% from the company's current price.

DFY has been the topic of a number of other research reports. Raymond James Financial lowered their price objective 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 note on Friday, February 13th. Scotiabank raised their price objective on shares of Definity Financial from C$65.00 to C$80.00 in a research note on Friday, January 30th. National Bank Financial raised their price objective on shares of Definity Financial from C$93.00 to C$94.00 in a research note on Wednesday, April 29th. Desjardins lowered their target price on Definity Financial from C$75.00 to C$73.00 and set a "hold" rating on the stock in a report on Monday, April 27th. Finally, Jefferies Financial Group lifted their target price on Definity Financial from C$76.00 to C$81.00 in a report on Monday. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of C$79.91.

Definity Financial Stock Performance

Shares of TSE DFY traded up C$3.03 during midday trading on Friday, reaching C$68.63. 178,759 shares of the company traded hands, compared to its average volume of 184,140. Definity Financial has a 52 week low of C$61.87 and a 52 week high of C$79.95. The stock has a 50-day moving average price of C$66.52 and a 200 day moving average price of C$69.19. 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 company has a market cap of C$8.23 billion, a price-to-earnings ratio of 19.55, a PEG ratio of 2.63 and a beta of 0.04.

Definity Financial (TSE:DFY - Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported C$0.97 earnings per share for the quarter. Definity Financial had a net margin of 8.58% and a return on equity of 11.01%. The business had revenue of C$1.92 billion for the quarter. Sell-side analysts anticipate that Definity Financial will post 3.1263962 earnings per share 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.