Definity Financial (TSE:DFY) PT Raised to C$43.50

Definity Financial (TSE:DFYGet Free Report) had its target price raised by equities researchers at CIBC from C$42.50 to C$43.50 in a research report issued on Monday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. CIBC’s target price would suggest a potential upside of 12.17% from the stock’s current price.

Several other analysts also recently commented on DFY. Raymond James raised their target price on shares of Definity Financial from C$39.00 to C$42.00 and gave the stock an “outperform” rating in a report on Thursday, October 12th. Scotiabank raised their price target on shares of Definity Financial from C$44.00 to C$46.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Royal Bank of Canada decreased their price target on shares of Definity Financial from C$49.00 to C$48.00 and set an “outperform” rating for the company in a research note on Tuesday, October 24th. National Bankshares raised their target price on shares of Definity Financial from C$53.00 to C$54.00 and gave the company an “outperform” rating in a research note on Monday, November 13th. Finally, Cormark decreased their target price on shares of Definity Financial from C$40.00 to C$39.00 in a research note on Friday, November 10th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$45.06.

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Definity Financial Stock Performance

Definity Financial stock opened at C$38.78 on Monday. The company has a current ratio of 20.67, a quick ratio of 0.31 and a debt-to-equity ratio of 5.36. Definity Financial has a 1 year low of C$32.09 and a 1 year high of C$39.77. The company has a market cap of C$4.49 billion, a PE ratio of 10.07, a PEG ratio of 2.63 and a beta of 0.03. The company’s 50-day moving average is C$37.53 and its two-hundred day moving average is C$37.39.

Definity Financial (TSE:DFYGet Free Report) last announced its quarterly earnings results on Thursday, November 9th. The company reported C$0.15 earnings per share for the quarter, beating analysts’ consensus estimates of C($0.03) by C$0.18. The business had revenue of C$984.10 million for the quarter. Definity Financial had a net margin of 11.23% and a return on equity of 18.08%. Equities analysts anticipate that Definity Financial will post 2.6997264 earnings per share for the current year.

Definity Financial Company Profile

(Get Free Report)

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 Economical brand name.

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Analyst Recommendations for Definity Financial (TSE:DFY)

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