Definity Financial (TSE:DFY) PT Raised to C$51.00 at Scotiabank

Definity Financial (TSE:DFY - Get Free Report) had its price objective increased by analysts at Scotiabank from C$49.00 to C$51.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. Scotiabank's price objective would suggest a potential upside of 12.33% from the company's previous close.

Other research analysts also recently issued research reports about the stock. Raymond James upped their price objective on shares of Definity Financial from C$42.00 to C$46.00 and gave the stock a "market perform" rating in a research report on Friday, February 16th. Cormark boosted their target price on shares of Definity Financial from C$42.00 to C$43.00 in a research note on Friday, February 16th. BMO Capital Markets boosted their target price on shares of Definity Financial from C$40.00 to C$44.00 and gave the stock a "market perform" rating in a research note on Tuesday, February 20th. Royal Bank of Canada boosted their target price on shares of Definity Financial from C$48.00 to C$49.00 and gave the stock an "outperform" rating in a research note on Friday, February 16th. Finally, TD Securities boosted their target price on shares of Definity Financial from C$45.00 to C$49.00 and gave the stock a "buy" rating in a research note on Friday, February 16th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$47.50.

Definity Financial Stock Up 0.0 %

DFY stock traded up C$0.02 during trading on Friday, hitting C$45.40. 64,247 shares of the company's stock traded hands, compared to its average volume of 108,021. The firm has a market capitalization of C$5.26 billion, a P/E ratio of 15.13, a PEG ratio of 2.63 and a beta of 0.08. The business has a fifty day simple moving average of C$44.66 and a two-hundred day simple moving average of C$40.18. The company has a quick ratio of 0.31, a current ratio of 4.68 and a debt-to-equity ratio of 4.99. Definity Financial has a 1 year low of C$32.09 and a 1 year high of C$47.50.

Definity Financial (TSE:DFY - Get Free Report) last released its quarterly earnings results on Thursday, February 15th. The company reported C$0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.74 by C$0.12. Definity Financial had a net margin of 9.06% and a return on equity of 12.52%. The business had revenue of C$1 billion for the quarter. Sell-side analysts anticipate that Definity Financial will post 2.7913715 EPS for the current year.

About Definity Financial

Definity Financial Corporation, together with its subsidiaries, offers property and casualty insurance products in Canada. It provides personal insurance products, including auto, property, general and umbrella liability, and pet insurance products to individuals under the Economical, Sonnet, Family, Petsecure, and Peppermint brands; and commercial insurance products, which include fleet, commercial auto, property, liability, and specialty insurance products to businesses under the Definity Insurance and Economical brand name.