Definity Financial (TSE:DFY) Price Target Cut to C$73.00 by Analysts at Desjardins

Definity Financial (TSE:DFY) had its price objective lowered by Desjardins from C$75.00 to C$73.00 in a research note released on Monday,BayStreet.CA reports. Desjardins currently has a hold rating on the stock.

Several other analysts have also issued reports on DFY. Scotiabank increased their price target on shares of Definity Financial from C$65.00 to C$80.00 in a research report on Friday, January 30th. Raymond James Financial reduced their price target on shares of 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. Barclays reduced their price target on shares of Definity Financial from C$81.00 to C$78.00 in a research report on Wednesday, April 8th. Finally, Jefferies Financial Group set a C$88.00 price target on shares of Definity Financial and gave the stock a “buy” rating in a research report on Wednesday, January 7th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$79.80.

Definity Financial Stock Performance

TSE DFY opened at C$67.63 on Monday. 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 market capitalization of C$8.11 billion, a price-to-earnings ratio of 19.27, a P/E/G ratio of 2.63 and a beta of 0.07. The firm’s 50 day simple moving average is C$66.58 and its 200 day simple moving average is C$69.23. Definity Financial has a 1 year low of C$61.87 and a 1 year high of C$79.95.

Definity Financial (TSE:DFY) last posted its quarterly earnings results on Thursday, February 12th. The company reported C$0.99 earnings per share (EPS) for the quarter. The business 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%. As a group, research analysts expect that Definity Financial will post 3.1263962 earnings per share for the current fiscal year.

Definity Financial Company Profile

Definity Financial Corp is a multi-channel, property, and casualty insurance company. It offers auto, property, liability, and pet insurance products to individual customers.