Definity Financial (TSE:DFY) Given New C$79.00 Price Target at Barclays

Definity Financial (TSE:DFY) had its price target increased by Barclays from C$78.00 to C$79.00 in a report issued on Friday,BayStreet.CA reports.

DFY has been the subject of several other research reports. Desjardins reduced their price objective on shares of Definity Financial from C$75.00 to C$73.00 and set a “hold” rating for the company in a research note on Monday, April 27th. National Bank Financial boosted their price objective on shares of Definity Financial from C$93.00 to C$94.00 in a research note on Wednesday, April 29th. Scotiabank boosted their price objective on shares of Definity Financial from C$65.00 to C$80.00 in a research note on Friday, January 30th. Jefferies Financial Group lifted their price objective on Definity Financial from C$76.00 to C$81.00 in a research note on Monday, May 4th. Finally, Raymond James Financial dropped 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. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Definity Financial has a consensus rating of “Moderate Buy” and an average target price of C$79.91.

Definity Financial Stock Performance

TSE:DFY opened at C$68.58 on Friday. 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 has a 52-week low of C$61.87 and a 52-week high of C$79.95. The firm has a market cap of C$8.22 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 2.63 and a beta of 0.04. The business’s fifty day moving average is C$66.52 and its 200 day moving average is C$69.19.

Definity Financial (TSE:DFY) last released its quarterly earnings data on Thursday, May 7th. The company reported C$0.97 earnings per share (EPS) for the quarter. Definity Financial had a return on equity of 11.01% and a net margin of 8.58%.The company had revenue of C$1.92 billion for the quarter. Research 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.