Definity Financial (TSE:DFY) Stock Price Expected to Rise, TD Analyst Says

Definity Financial (TSE:DFY) had its price target upped by equities researchers at TD from C$85.00 to C$86.00 in a report issued on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD’s price target points to a potential upside of 25.31% from the stock’s current price.

A number of other research analysts have also recently issued reports on DFY. Scotiabank lifted their price target on shares of Definity Financial from C$65.00 to C$80.00 in a research report on Friday, January 30th. Raymond James Financial lowered their price objective on Definity Financial from C$74.00 to C$72.00 and set a “market perform” rating for the company in a research note on Friday, February 13th. Jefferies Financial Group lifted their target price on shares of Definity Financial from C$76.00 to C$81.00 in a report on Monday. National Bank Financial lifted their target price on shares of Definity Financial from C$93.00 to C$94.00 in a report on Wednesday, April 29th. Finally, Barclays lifted their target price on shares of Definity Financial from C$78.00 to C$79.00 in a report on Friday. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Definity Financial currently has an average rating of “Moderate Buy” and an average target price of C$79.91.

Definity Financial Stock Up 4.6%

Shares of DFY traded up C$3.03 on Friday, reaching C$68.63. The stock had a trading volume of 178,759 shares, compared to its average volume of 184,140. Definity Financial has a 12-month low of C$61.87 and a 12-month high of C$79.95. The firm has a market capitalization of C$8.23 billion, a price-to-earnings ratio of 19.55, a price-to-earnings-growth ratio of 2.63 and a beta of 0.04. The company has a 50-day simple moving average of C$66.52 and a 200-day simple moving average of C$69.19. The company has a debt-to-equity ratio of 28.76, a quick ratio of 0.31 and a current ratio of 0.27.

Definity Financial (TSE:DFY) last issued its quarterly earnings results on Thursday, May 7th. The company reported C$0.97 earnings per share (EPS) for the quarter. Definity Financial had a net margin of 8.58% and a return on equity of 11.01%. The company had revenue of C$1.92 billion during the quarter. Sell-side analysts predict that Definity Financial will post 3.1263962 EPS for the current year.

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.