TD Securities Raises Definity Financial (TSE:DFY) Price Target to C$43.00

Posted by on Aug 6th, 2023

Definity Financial (TSE:DFY – Get Free Report) had its price objective lifted by investment analysts at TD Securities from C$42.00 to C$43.00 in a research note issued on Friday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price objective points to a potential upside of 18.98% from the company’s current price.

Several other equities research analysts also recently issued reports on the company. Scotiabank lowered their price target on Definity Financial from C$50.00 to C$44.00 and set an “outperform” rating on the stock in a research report on Monday, July 24th. Barclays lowered their price target on Definity Financial from C$43.00 to C$42.00 in a research report on Tuesday, May 16th. National Bankshares raised their price target on Definity Financial from C$48.00 to C$51.00 in a research report on Tuesday, May 2nd. Desjardins downgraded Definity Financial from a “buy” rating to a “hold” rating in a research report on Friday, May 12th. Finally, Royal Bank of Canada lowered their price target on Definity Financial from C$49.00 to C$48.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 16th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$42.55.

Definity Financial Stock Up 11.5 %

DFY opened at C$36.14 on Friday. The firm has a market cap of C$4.19 billion and a P/E ratio of 10.95. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.31 and a current ratio of 10.55. The business has a 50 day moving average price of C$35.19 and a 200 day moving average price of C$35.73. Definity Financial has a twelve month low of C$32.09 and a twelve month high of C$40.95.

Definity Financial (TSE:DFY – Get Free Report) last posted its quarterly earnings data on Thursday, May 11th. The company reported C$0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.56 by C($0.02). The firm had revenue of C$907.50 million for the quarter. Definity Financial had a return on equity of 15.17% and a net margin of 10.04%. Research analysts forecast that Definity Financial will post 2.2191693 EPS for the current year.

About Definity Financial

(Get Free Report)

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 Economical brand name.

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Analyst Recommendations for Definity Financial (TSE:DFY)

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