Definity Financial Co. (TSE:DFY) Receives Consensus Rating of “Hold” from Brokerages

Shares of Definity Financial Co. (TSE:DFY) have earned a consensus recommendation of “Hold” from the eight brokerages that are currently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$79.50.

Several equities analysts have issued reports on DFY shares. Jefferies Financial Group set a C$88.00 target price on Definity Financial and gave the company a “buy” rating in a research note on Wednesday, January 7th. Scotiabank lifted their target price on Definity Financial from C$65.00 to C$80.00 in a research note on Friday, January 30th. Raymond James Financial cut their target price on Definity Financial from C$74.00 to C$72.00 and set a “market perform” rating on the stock in a research note on Friday, February 13th. Finally, Barclays cut their target price on Definity Financial from C$81.00 to C$78.00 in a research note on Wednesday, April 8th.

Definity Financial Price Performance

DFY opened at C$63.77 on Tuesday. The business’s 50-day moving average is C$66.47 and its two-hundred day moving average is C$69.45. Definity Financial has a 1 year low of C$61.87 and a 1 year high of C$79.95. The company has a debt-to-equity ratio of 28.76, a current ratio of 0.27 and a quick ratio of 0.31. The firm has a market capitalization of C$7.65 billion, a PE ratio of 18.17, a price-to-earnings-growth ratio of 2.63 and a beta of 0.07.

Definity Financial (TSE:DFY) last posted its earnings results on Thursday, February 12th. The company reported C$0.99 earnings per share (EPS) for the quarter. Definity Financial had a return on equity of 11.01% and a net margin of 8.58%.The company had revenue of C$1.10 billion for the quarter. Research analysts anticipate that Definity Financial will post 3.1263962 earnings per share for the current fiscal 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.