Barclays Forecasts Strong Price Appreciation for Definity Financial (TSE:DFY) Stock

Definity Financial (TSE:DFY) had its target price upped by Barclays from C$80.00 to C$81.00 in a research note issued on Friday,BayStreet.CA reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price target suggests a potential upside of 19.38% from the company’s current price.

DFY has been the subject of several other research reports. BMO Capital Markets increased their price target on Definity Financial from C$68.00 to C$73.00 in a research note on Monday, November 10th. TD Securities raised Definity Financial from a “hold” rating to a “buy” rating and increased their target price for the company from C$74.00 to C$80.00 in a research note on Friday, November 7th. National Bank Financial boosted their target price on Definity Financial from C$92.00 to C$93.00 in a research report on Monday, November 10th. Desjardins lowered their price target on Definity Financial from C$80.00 to C$70.00 and set a “hold” rating for the company in a research note on Friday, October 24th. Finally, Jefferies Financial Group set a C$88.00 price objective on shares of Definity Financial and gave the stock a “buy” rating in a research note on Wednesday, January 7th. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Definity Financial has an average rating of “Hold” and an average target price of C$78.27.

Definity Financial Trading Up 2.0%

Definity Financial stock opened at C$67.85 on Friday. The company has a market cap of C$8.14 billion, a PE ratio of 16.75, a PEG ratio of 2.63 and a beta of -0.16. Definity Financial has a 1 year low of C$57.25 and a 1 year high of C$79.95. The company’s 50-day moving average is C$72.43 and its two-hundred day moving average is C$71.21.

Definity Financial (TSE:DFY) last issued its quarterly earnings results on Thursday, February 12th. The company reported C$0.99 EPS for the quarter. Definity Financial had a net margin of 12.32% and a return on equity of 18.19%. The company had revenue of C$1.10 billion during the quarter. Research analysts forecast that Definity Financial will post 3.1263962 EPS for the current year.

Insider Activity

In other Definity Financial news, insider Craig Edward David Richardson sold 1,881 shares of Definity Financial stock in a transaction dated Friday, November 21st. The stock was sold at an average price of C$70.80, for a total value of C$133,174.80. Following the sale, the insider owned 7 shares of the company’s stock, valued at C$495.60. This trade represents a 99.63% decrease in their position. 0.50% of the stock is owned by corporate insiders.

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.