Definity Financial (TSE:DFY) Price Target Raised to C$84.00

Definity Financial (TSE:DFY) had its target price hoisted by Canadian Imperial Bank of Commerce from C$74.00 to C$84.00 in a research report sent to investors on Tuesday,BayStreet.CA reports.

Other equities analysts have also issued reports about the stock. National Bank Financial increased their price target on shares of Definity Financial from C$93.00 to C$94.00 in a research note on Wednesday, April 29th. Desjardins reduced their price objective on shares of Definity Financial from C$75.00 to C$73.00 and set a “hold” rating for the company in a research report on Monday, April 27th. Jefferies Financial Group upped their target price on shares of Definity Financial from C$76.00 to C$81.00 in a report on Monday, May 4th. Barclays increased their target price on shares of Definity Financial from C$78.00 to C$79.00 in a research report on Friday, May 8th. Finally, TD lifted their price target on shares of Definity Financial from C$85.00 to C$86.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$80.20.

Definity Financial Stock Up 0.3%

Shares of TSE DFY opened at C$77.62 on Tuesday. The business has a 50-day moving average of C$71.47 and a two-hundred day moving average of C$69.55. The company has a market capitalization of C$9.33 billion, a price-to-earnings ratio of 23.96, a price-to-earnings-growth ratio of 2.63 and a beta of -0.05. Definity Financial has a 1 year low of C$61.87 and a 1 year high of C$79.92. The company has a debt-to-equity ratio of 43.41, a current ratio of 1.25 and a quick ratio of 0.31.

Definity Financial (TSE:DFY) last released its quarterly earnings data on Thursday, May 7th. The company reported C$0.97 EPS for the quarter. Definity Financial had a return on equity of 9.82% and a net margin of 6.94%.The business had revenue of C$1.92 billion for the quarter. On average, analysts forecast that Definity Financial will post 3.1263962 earnings per share for the current fiscal year.

Insider Transactions at Definity Financial

In other Definity Financial news, insider Brigid V. Pelino sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of C$72.00, for a total transaction of C$360,000.00. Following the completion of the sale, the insider directly owned 74,109 shares of the company’s stock, valued at C$5,335,848. This represents a 6.32% decrease in their position. 0.50% of the stock is owned by company insiders.

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.