Definity Financial (TSE:DFY) PT Raised to C$36.00

Definity Financial (TSE:DFYGet Rating) had its price target hoisted by stock analysts at Scotiabank from C$35.00 to C$36.00 in a note issued to investors on Thursday, BayStreet.CA reports. Scotiabank’s price objective suggests a potential downside of 7.88% from the company’s current price.

DFY has been the subject of a number of other reports. Haywood Securities cut their target price on shares of Definity Financial to C$39.50 and set an “outperform” rating for the company in a report on Friday, July 22nd. CIBC dropped their price objective on shares of Definity Financial from C$41.50 to C$39.50 and set an “outperform” rating for the company in a research note on Friday, July 22nd. TD Securities lifted their price objective on shares of Definity Financial from C$39.00 to C$41.00 and gave the stock a “buy” rating in a research note on Wednesday. National Bankshares lifted their price objective on shares of Definity Financial from C$38.00 to C$39.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Royal Bank of Canada lifted their price objective on shares of Definity Financial from C$40.00 to C$43.00 and gave the stock an “outperform” rating in a research note on Wednesday. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$39.60.

Definity Financial Trading Up 2.7 %

Shares of DFY opened at C$39.08 on Thursday. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.34 and a quick ratio of 0.28. Definity Financial has a 1 year low of C$26.00 and a 1 year high of C$39.43. The company has a 50 day simple moving average of C$34.27 and a two-hundred day simple moving average of C$31.94. The firm has a market cap of C$4.53 billion and a P/E ratio of 24.84.

Definity Financial (TSE:DFYGet Rating) last announced its quarterly earnings data on Thursday, May 12th. The company reported C$0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.40 by C$0.15. The company had revenue of C$790.30 million for the quarter. On average, equities analysts expect that Definity Financial will post 2.0294276 earnings per share for the current fiscal year.

About Definity Financial

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Definity Financial Corporation, together with its subsidiaries, provides property and casualty insurance products in Canada. It offers 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 comprising fleet, commercial auto, property, liability, and specialty insurance products to businesses under the under the Economical brand name.

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