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

Definity Financial (TSE:DFY) had its price objective hoisted by equities researchers at Scotiabank from C$49.00 to C$51.00 in a research note issued on Friday, BayStreet.CA reports. Scotiabank’s price objective indicates a potential upside of 12.41% from the stock’s current price.

A number of other analysts also recently weighed in on the stock. Desjardins increased their target price on shares of Definity Financial from C$44.00 to C$45.00 and gave the company a “hold” rating in a research report on Tuesday, April 16th. BMO Capital Markets increased their target price on shares of Definity Financial from C$40.00 to C$44.00 and gave the company a “market perform” rating in a research report on Tuesday, February 20th. Raymond James increased their target price on shares of Definity Financial from C$42.00 to C$46.00 and gave the company a “market perform” rating in a research report on Friday, February 16th. Cormark increased their target price on shares of Definity Financial from C$42.00 to C$43.00 in a research report on Friday, February 16th. Finally, Royal Bank of Canada raised their price objective on shares of Definity Financial from C$48.00 to C$49.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$47.50.

Definity Financial Trading Down 0.0 %

TSE DFY traded down C$0.01 during trading hours on Friday, reaching C$45.37. The company’s stock had a trading volume of 35,062 shares, compared to its average volume of 107,658. The firm has a fifty day simple moving average of C$44.59 and a 200-day simple moving average of C$40.14. The stock has a market cap of C$5.26 billion, a P/E ratio of 15.12, a P/E/G ratio of 2.63 and a beta of 0.08. Definity Financial has a 52 week low of C$32.09 and a 52 week high of C$47.50. The company has a debt-to-equity ratio of 4.99, a current ratio of 4.68 and a quick ratio of 0.31.

Definity Financial (TSE:DFY) last issued 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 business had revenue of C$1 billion during the quarter. Definity Financial had a net margin of 9.06% and a return on equity of 12.52%. Equities analysts forecast that Definity Financial will post 2.7913715 earnings per share for the current fiscal 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.