Definity Financial (TSE:DFY) Price Target Cut to C$78.00 by Analysts at Barclays

Definity Financial (TSE:DFY) had its target price lowered by Barclays from C$81.00 to C$78.00 in a research report sent to investors on Wednesday,BayStreet.CA reports.

Several other equities research analysts have also weighed in on the company. Jefferies Financial Group set a C$88.00 target price on Definity Financial and gave the stock a “buy” rating in a research report on Wednesday, January 7th. Scotiabank increased their target price on Definity Financial from C$65.00 to C$80.00 in a research report on Friday, January 30th. Finally, Raymond James Financial dropped their target price on Definity Financial from C$74.00 to C$72.00 and set a “market perform” rating on the stock in a research report on Friday, February 13th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of C$79.50.

Definity Financial Price Performance

Shares of TSE DFY opened at C$64.62 on Wednesday. Definity Financial has a 1-year low of C$59.32 and a 1-year high of C$79.95. The company has a debt-to-equity ratio of 28.76, a current ratio of 0.27 and a quick ratio of 0.31. The business’s fifty day moving average price is C$66.69 and its two-hundred day moving average price is C$69.66. The firm has a market capitalization of C$7.75 billion, a PE ratio of 18.41, a P/E/G ratio of 2.63 and a beta of 0.07.

Definity Financial (TSE:DFY) last issued its earnings results on Thursday, February 12th. The company reported C$0.99 earnings per share for the quarter. Definity Financial had a return on equity of 11.01% and a net margin of 8.58%.The firm had revenue of C$1.10 billion for the quarter. On average, research analysts expect 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.