Definity Financial (TSE:DFY) PT Raised to C$51.00 at Scotiabank

Definity Financial (TSE:DFY) had its price objective increased by Scotiabank from C$49.00 to C$51.00 in a report released on Friday, BayStreet.CA reports. Scotiabank’s target price suggests a potential upside of 12.41% from the company’s current price.

Other analysts have also issued research reports about the stock. BMO Capital Markets raised their target price on shares of Definity Financial from C$40.00 to C$44.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 20th. Raymond James raised their target price on shares of Definity Financial from C$42.00 to C$46.00 and gave the stock a “market perform” rating in a research report on Friday, February 16th. National Bankshares raised their target price on shares of Definity Financial from C$57.00 to C$59.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 20th. CIBC raised their target price on shares of Definity Financial from C$46.00 to C$47.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 16th. Finally, Desjardins raised their target price on shares of Definity Financial from C$44.00 to C$45.00 and gave the stock a “hold” rating in a research report on Tuesday, April 16th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Definity Financial has an average rating of “Moderate Buy” and a consensus price target of C$47.50.

Definity Financial Price Performance

DFY traded down C$0.01 on Friday, hitting C$45.37. 35,062 shares of the company were exchanged, compared to its average volume of 107,658. The company has a debt-to-equity ratio of 4.99, a quick ratio of 0.31 and a current ratio of 4.68. The business’s fifty day moving average is C$44.59 and its 200 day moving average is C$40.14. Definity Financial has a fifty-two week low of C$32.09 and a fifty-two week high of C$47.50. The firm has a market capitalization of C$5.26 billion, a P/E ratio of 15.12, a price-to-earnings-growth ratio of 2.63 and a beta of 0.08.

Definity Financial (TSE:DFY) last released its quarterly earnings results on Thursday, February 15th. The company reported C$0.86 EPS for the quarter, beating the consensus estimate of C$0.74 by C$0.12. The business had revenue of C$1 billion for the quarter. Definity Financial had a net margin of 9.06% and a return on equity of 12.52%. As a group, sell-side analysts anticipate that Definity Financial will post 2.7913715 EPS for the current year.

About Definity Financial

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