Definity Financial Co. (TSE:DFY – Get Free Report)’s stock price hit a new 52-week high during trading on Monday after Jefferies Financial Group raised their price target on the stock from C$83.00 to C$91.00. Jefferies Financial Group currently has a buy rating on the stock. Definity Financial traded as high as C$80.58 and last traded at C$80.43, with a volume of 34726 shares. The stock had previously closed at C$79.30.
Other equities analysts have also recently issued reports about the stock. National Bank Financial raised their price objective on shares of Definity Financial from C$94.00 to C$96.00 and gave the company an “outperform” rating in a research note on Monday. Desjardins dropped their target price 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. Canadian Imperial Bank of Commerce increased their price target on Definity Financial from C$74.00 to C$84.00 in a research note on Tuesday, July 14th. Barclays raised their price target on Definity Financial from C$78.00 to C$79.00 in a research report on Friday, May 8th. Finally, TD lifted their price objective on 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$81.40.
Insider Buying and Selling at Definity Financial
Definity Financial Price Performance
The company’s 50 day simple moving average is C$73.37 and its 200 day simple moving average is C$69.74. The company has a debt-to-equity ratio of 43.41, a current ratio of 1.25 and a quick ratio of 0.31. The stock has a market cap of C$9.71 billion, a P/E ratio of 24.94, a P/E/G ratio of 2.63 and a beta of -0.05.
Definity Financial (TSE:DFY – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported C$0.97 earnings per share for the quarter. Definity Financial had a net margin of 6.94% and a return on equity of 9.82%. The company had revenue of C$1.92 billion for the quarter. As a group, equities analysts forecast that Definity Financial Co. will post 3.1263962 earnings per share 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.
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