Definity Financial (TSE:DFY) PT Set at C$88.00 by Jefferies Financial Group

Definity Financial (TSE:DFY) has been given a C$88.00 target price by equities research analysts at Jefferies Financial Group in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 14.60% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on DFY. Scotiabank lifted their price target on shares of Definity Financial from C$92.00 to C$93.00 in a research report on Friday, November 7th. TD Securities raised Definity Financial from a “hold” rating to a “buy” rating and raised their price objective for the company from C$74.00 to C$80.00 in a research note on Friday, November 7th. BMO Capital Markets boosted their target price on Definity Financial from C$68.00 to C$73.00 in a research report on Monday, November 10th. Barclays raised Definity Financial to a “hold” rating in a report on Tuesday, September 30th. Finally, Desjardins dropped their price target on Definity Financial from C$80.00 to C$70.00 and set a “hold” rating for the company in a research report on Friday, October 24th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$79.50.

Definity Financial Price Performance

Shares of TSE DFY traded up C$3.38 during trading on Wednesday, hitting C$76.79. 155,629 shares of the company were exchanged, compared to its average volume of 136,297. Definity Financial has a 1 year low of C$53.26 and a 1 year high of C$79.95. The company has a market cap of C$9.21 billion, a price-to-earnings ratio of 18.96, a PEG ratio of 2.63 and a beta of -0.18. The firm’s fifty day moving average price is C$71.79 and its 200 day moving average price is C$72.55.

Definity Financial (TSE:DFY) last announced its quarterly earnings data on Thursday, November 6th. The company reported C$1.59 EPS for the quarter. Definity Financial had a net margin of 12.32% and a return on equity of 18.19%. The firm had revenue of C$1.56 billion during the quarter. On average, research analysts forecast that Definity Financial will post 3.1263962 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Craig Edward David Richardson sold 1,881 shares of the business’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of C$70.80, for a total value of C$133,174.80. Following the completion of the transaction, the insider owned 7 shares of the company’s stock, valued at approximately C$495.60. The trade was a 99.63% decrease in their position. Corporate insiders own 0.50% of the company’s stock.

About Definity Financial

Definity Financial Corp is a multi-channel, property, and casualty insurance company. It offers auto, property, liability, and pet insurance products to individual customers.