Brokerages Set Definity Financial Co. (TSE:DFY) Target Price at C$79.80

Definity Financial Co. (TSE:DFY) has received a consensus recommendation of “Hold” from the eight research firms that are presently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$79.80.

A number of equities research analysts recently weighed in on the stock. Scotiabank upped their target price on shares of Definity Financial from C$65.00 to C$80.00 in a report on Friday, January 30th. Raymond James Financial cut their price target 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 set a C$88.00 price objective on Definity Financial and gave the stock a “buy” rating in a report on Wednesday, January 7th. Finally, Barclays increased their price objective on Definity Financial from C$80.00 to C$81.00 and gave the stock an “equal weight” rating in a research note on Friday, February 13th.

Definity Financial Stock Performance

Shares of DFY stock opened at C$68.13 on Friday. The company has a current ratio of 0.27, a quick ratio of 0.31 and a debt-to-equity ratio of 28.76. The firm has a fifty day simple moving average of C$69.52 and a two-hundred day simple moving average of C$70.54. Definity Financial has a 12 month low of C$57.25 and a 12 month high of C$79.95. The firm has a market capitalization of C$8.17 billion, a PE ratio of 19.41, a price-to-earnings-growth ratio of 2.63 and a beta of -0.03.

Definity Financial (TSE:DFY) last released its quarterly earnings data on Thursday, February 12th. The company reported C$0.99 earnings per share for the quarter. The firm had revenue of C$1.10 billion for the quarter. Definity Financial had a net margin of 8.58% and a return on equity of 11.01%. Analysts forecast that Definity Financial will post 3.1263962 EPS for the current fiscal 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.