Definity Financial (TSE:DFY) Price Target Raised to C$65.00 at National Bankshares

Definity Financial (TSE:DFY) had its price objective boosted by National Bankshares from C$62.00 to C$65.00 in a report released on Wednesday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

DFY has been the subject of several other research reports. Raymond James upped their price target on shares of Definity Financial from C$55.00 to C$58.00 in a research report on Tuesday, October 22nd. Scotiabank boosted their price objective on shares of Definity Financial from C$51.00 to C$53.00 in a report on Friday, September 20th. Cormark increased their price target on shares of Definity Financial from C$49.00 to C$51.00 in a report on Friday, July 26th. Desjardins increased their price target on Definity Financial from C$47.00 to C$52.00 and gave the stock a “hold” rating in a research report on Tuesday, August 6th. Finally, Cibc World Mkts lowered shares of Definity Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 6th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Definity Financial presently has a consensus rating of “Hold” and an average target price of C$53.70.

Definity Financial Price Performance

Shares of DFY stock opened at C$54.03 on Wednesday. Definity Financial has a 52-week low of C$35.48 and a 52-week high of C$55.86. The firm has a market capitalization of C$6.21 billion, a P/E ratio of 16.32, a P/E/G ratio of 2.63 and a beta of 0.04. The stock has a 50 day moving average price of C$52.52 and a 200 day moving average price of C$47.97. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.31 and a current ratio of 7.68.

Definity Financial (TSE:DFY) last posted its quarterly earnings results on Thursday, August 1st. The company reported C$0.94 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of C$1.05 billion during the quarter, compared to the consensus estimate of C$1.07 billion. As a group, sell-side analysts predict that Definity Financial will post 3.1263962 earnings per share for the current year.

Definity Financial Company Profile

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.