Definity Financial (TSE:DFY) Given New C$81.00 Price Target at Barclays

Definity Financial (TSE:DFY) had its target price hoisted by research analysts at Barclays from C$80.00 to C$81.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price objective indicates a potential upside of 19.59% from the company’s current price.

Several other equities analysts also recently commented on DFY. TD Securities upgraded Definity Financial from a “hold” rating to a “buy” rating and increased their target price for the company from C$74.00 to C$80.00 in a research report on Friday, November 7th. Desjardins lowered their price objective 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. National Bank Financial lifted their price target on shares of Definity Financial from C$92.00 to C$93.00 in a research note on Monday, November 10th. Canadian Imperial Bank of Commerce decreased their target price on Definity Financial from C$80.00 to C$74.00 and set a “neutral” rating for the company in a research report on Thursday, October 23rd. Finally, Scotiabank boosted their price objective on Definity Financial from C$65.00 to C$80.00 in a report on Friday, January 30th. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of C$78.27.

Definity Financial Price Performance

DFY traded up C$1.22 during trading on Friday, hitting C$67.73. 260,647 shares of the stock traded hands, compared to its average volume of 199,964. The business has a 50 day moving average price of C$72.48 and a 200 day moving average price of C$71.33. The company has a market cap of C$8.12 billion, a price-to-earnings ratio of 16.72, a PEG ratio of 2.63 and a beta of -0.16. Definity Financial has a twelve month low of C$57.25 and a twelve month high of C$79.95.

Definity Financial (TSE:DFY) last posted its quarterly earnings results on Thursday, February 12th. The company reported C$0.99 EPS for the quarter. The company had revenue of C$1.10 billion during the quarter. Definity Financial had a return on equity of 18.19% and a net margin of 12.32%. On average, equities research analysts predict that Definity Financial will post 3.1263962 earnings per share for the current year.

Insider Transactions at Definity Financial

In related news, insider Craig Edward David Richardson sold 1,881 shares of the stock in a transaction on 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. This represents a 99.63% decrease in their position. Company 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.