Definity Financial (TSE:DFY) Given New C$80.00 Price Target at Barclays

Definity Financial (TSE:DFY) had its price target boosted by equities researchers at Barclays from C$78.00 to C$80.00 in a report released on Friday,BayStreet.CA reports. Barclays‘s target price points to a potential upside of 5.68% from the stock’s previous close.

A number of other equities research analysts also recently commented on DFY. BMO Capital Markets increased their price objective on shares of Definity Financial from C$68.00 to C$73.00 in a research report on Monday, November 10th. National Bankshares increased their target price on Definity Financial from C$92.00 to C$93.00 in a report on Monday, November 10th. CIBC cut their price target on Definity Financial from C$80.00 to C$74.00 and set a “neutral” rating on the stock in a research note on Thursday, October 23rd. Jefferies Financial Group set a C$88.00 price target on Definity Financial and gave the stock a “buy” rating in a report on Wednesday. Finally, Desjardins dropped their price objective on Definity Financial from C$80.00 to C$70.00 and set a “hold” rating on the stock in a report on Friday, October 24th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of C$79.55.

Definity Financial Stock Performance

Shares of TSE:DFY traded up C$0.30 during trading on Friday, hitting C$75.70. The company’s stock had a trading volume of 37,647 shares, compared to its average volume of 143,447. The company has a market capitalization of C$9.08 billion, a PE ratio of 18.69, a P/E/G ratio of 2.63 and a beta of -0.18. The business has a 50 day moving average price of C$72.25 and a two-hundred day moving average price of C$72.60. Definity Financial has a fifty-two week low of C$53.26 and a fifty-two week high of C$79.95.

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 return on equity of 18.19% and a net margin of 12.32%.The business had revenue of C$1.56 billion during the quarter. As a group, equities analysts expect that Definity Financial will post 3.1263962 earnings per share for the current fiscal year.

Insider Activity at Definity Financial

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

Definity Financial Company Profile

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