Definity Financial (TSE:DFY – Get Free Report) had its target price lifted by equities researchers at Raymond James from C$55.00 to C$58.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. Raymond James’ target price indicates a potential upside of 6.13% from the stock’s current price.
A number of other analysts have also recently commented on the stock. Scotiabank lifted their target price on shares of Definity Financial from C$51.00 to C$53.00 in a research note on Friday, September 20th. Royal Bank of Canada boosted their price objective on shares of Definity Financial from C$58.00 to C$61.00 in a report on Friday, August 2nd. Cormark raised their target price on Definity Financial from C$49.00 to C$51.00 in a research note on Friday, July 26th. CIBC downgraded Definity Financial from an “outperform” rating to a “neutral” rating and boosted their price target for the company from C$47.00 to C$51.00 in a research note on Tuesday, August 6th. Finally, Desjardins raised their price objective on Definity Financial from C$47.00 to C$52.00 and gave the stock a “hold” rating in a research note on Tuesday, August 6th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of C$53.40.
Read Our Latest Research Report on Definity Financial
Definity Financial Price Performance
Definity Financial (TSE:DFY – Get Free Report) last announced its earnings results on Thursday, August 1st. The company reported C$0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.66 by C$0.28. The company had revenue of C$1.05 billion for the quarter, compared to analyst estimates of C$1.07 billion. Definity Financial had a return on equity of 13.00% and a net margin of 9.60%. Analysts forecast that Definity Financial will post 3.1263962 EPS for the current fiscal year.
Definity Financial Company Profile
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.
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