Definity Financial (TSE:DFY) PT Raised to C$42.00 at BMO Capital Markets

Definity Financial (TSE:DFY – Get Rating) had its price objective lifted by equities researchers at BMO Capital Markets from C$39.00 to C$42.00 in a report issued on Thursday, BayStreet.CA reports. BMO Capital Markets’ price objective would suggest a potential upside of 7.47% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. TD Securities increased their price objective on shares of Definity Financial from C$39.00 to C$41.00 and gave the company a “buy” rating in a research note on Wednesday. Cormark raised their price target on shares of Definity Financial from C$36.00 to C$39.00 and gave the company a “buy” rating in a research note on Thursday. Scotiabank raised their price target on shares of Definity Financial from C$35.00 to C$36.00 in a research note on Thursday. Raymond James downgraded shares of Definity Financial from an “outperform” rating to a “market perform” rating and raised their price target for the company from C$34.50 to C$36.00 in a research note on Wednesday. Finally, Barclays raised their price target on shares of Definity Financial from C$37.00 to C$38.00 and gave the company a “na” rating in a research note on Tuesday, July 26th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$39.60.

Definity Financial Stock Performance

Shares of Definity Financial stock opened at C$39.08 on Thursday. The company has a 50 day moving average of C$34.27 and a 200-day moving average of C$31.94. Definity Financial has a 1-year low of C$26.00 and a 1-year high of C$39.43. The company has a current ratio of 0.34, a quick ratio of 0.28 and a debt-to-equity ratio of 0.75. The company has a market cap of C$4.53 billion and a PE ratio of 24.84.

Definity Financial (TSE:DFY – Get Rating) last issued its quarterly earnings results on Thursday, May 12th. The company reported C$0.55 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.40 by C$0.15. The firm had revenue of C$790.30 million for the quarter. As a group, equities research analysts forecast that Definity Financial will post 2.0294276 earnings per share for the current fiscal year.

About Definity Financial

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Definity Financial Corporation, together with its subsidiaries, provides property and casualty insurance products in Canada. It offers 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 comprising fleet, commercial auto, property, liability, and specialty insurance products to businesses under the under the Economical brand name.