Definity Financial (TSE:DFY) Given New C$65.00 Price Target at National Bankshares

by · The Cerbat Gem

Definity Financial (TSE:DFY – Get Free Report) had its price target hoisted by investment analysts at National Bankshares from C$62.00 to C$65.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price objective indicates a potential upside of 19.49% from the stock’s previous close.

Several other equities research analysts also recently weighed in on DFY. CIBC downgraded Definity Financial from an “outperform” rating to a “neutral” rating and increased their price target for the stock from C$47.00 to C$51.00 in a report on Tuesday, August 6th. Royal Bank of Canada increased their target price on Definity Financial from C$58.00 to C$61.00 in a research note on Friday, August 2nd. Desjardins boosted their target price on shares of Definity Financial from C$47.00 to C$52.00 and gave the company a “hold” rating in a research note on Tuesday, August 6th. Cibc World Mkts cut shares of Definity Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, TD Securities lifted their price objective on shares of Definity Financial from C$52.00 to C$55.00 in a report on Friday, September 20th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Definity Financial presently has an average rating of “Hold” and an average target price of C$53.70.

Get Our Latest Analysis on DFY

Definity Financial Trading Down 1.4 %

Shares of Definity Financial stock traded down C$0.75 on Wednesday, reaching C$54.40. The company had a trading volume of 29,664 shares, compared to its average volume of 104,754. The firm has a market cap of C$6.25 billion, a price-to-earnings ratio of 16.46, a P/E/G ratio of 2.63 and a beta of 0.04. The company has a debt-to-equity ratio of 6.38, a current ratio of 7.68 and a quick ratio of 0.31. The firm’s 50-day moving average price is C$52.27 and its two-hundred day moving average price is C$47.81. Definity Financial has a 1 year low of C$35.48 and a 1 year high of C$55.86.

Definity Financial (TSE:DFY – Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The company reported C$0.94 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.66 by C$0.28. Definity Financial had a net margin of 9.60% and a return on equity of 13.00%. The business had revenue of C$1.05 billion for the quarter, compared to analysts’ expectations of C$1.07 billion. As a group, research analysts predict that Definity Financial will post 3.1263962 earnings per share for the current fiscal year.

About Definity Financial

(Get Free Report)

Definity Financial Corporation, together with its subsidiaries, offers property and casualty insurance products in Canada. It provides personal insurance products, including auto, property, general and umbrella liability, and pet insurance products to individuals under the Economical, Sonnet, Family, Petsecure, and Peppermint brands; and commercial insurance products, which include fleet, commercial auto, property, liability, and specialty insurance products to businesses under the Definity Insurance and Economical brand name.

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