Definity Financial (TSE:DFY) Price Target Raised to C$60.00 at National Bankshares

Definity Financial (TSE:DFY - Get Free Report) had its target price hoisted by equities research analysts at National Bankshares from C$59.00 to C$60.00 in a research report issued on Tuesday, BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. National Bankshares' price objective points to a potential upside of 30.75% from the company's current price.

Several other equities analysts have also recently issued reports on DFY. Raymond James boosted their target price on Definity Financial from C$42.00 to C$46.00 and gave the company a "market perform" rating in a research note on Friday, February 16th. Royal Bank of Canada upped their price objective on shares of Definity Financial from C$49.00 to C$50.00 and gave the stock an "outperform" rating in a report on Monday. Cormark lifted their target price on shares of Definity Financial from C$42.00 to C$43.00 in a research note on Friday, February 16th. CIBC increased their price target on shares of Definity Financial from C$46.00 to C$47.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 16th. Finally, Scotiabank lifted their price objective on Definity Financial from C$49.00 to C$51.00 and gave the company an "outperform" rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of C$47.70.

Definity Financial Trading Down 0.6 %

Shares of TSE DFY traded down C$0.28 during mid-day trading on Tuesday, hitting C$45.89. The stock had a trading volume of 55,262 shares, compared to its average volume of 107,227. The business has a 50 day moving average price of C$44.78 and a two-hundred day moving average price of C$40.30. Definity Financial has a 1 year low of C$32.09 and a 1 year high of C$47.50. The company has a debt-to-equity ratio of 4.99, a quick ratio of 0.31 and a current ratio of 4.68. The firm has a market cap of C$5.32 billion, a P/E ratio of 15.30, a price-to-earnings-growth ratio of 2.63 and a beta of 0.08.

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

Definity Financial Company Profile

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.