National Bank Financial Forecasts Strong Price Appreciation for Definity Financial (TSE:DFY) Stock

Definity Financial (TSE:DFY) had its target price upped by equities research analysts at National Bank Financial from C$92.00 to C$96.00 in a research report issued to clients and investors on Monday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial‘s price objective suggests a potential upside of 29.92% from the company’s current price.

Other analysts also recently issued reports about the company. Canadian Imperial Bank of Commerce raised their target price on Definity Financial from C$74.00 to C$84.00 in a research note on Tuesday, July 14th. Jefferies Financial Group lifted their target price on Definity Financial from C$83.00 to C$91.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. RBC Dominion Securities cut their price target on Definity Financial from C$94.00 to C$87.00 and set an “outperform” rating on the stock in a research note on Thursday, October 15th. Raymond James Financial cut their price target on Definity Financial from C$85.00 to C$84.00 and set a “market perform” rating on the stock in a research note on Friday, October 16th. Finally, Desjardins reduced their price target on Definity Financial from C$85.00 to C$80.00 and set a “hold” rating for the company in a report on Thursday, October 29th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Definity Financial presently has a consensus rating of “Moderate Buy” and an average target price of C$84.00.

Definity Financial Stock Down 0.9%

Shares of DFY stock traded down C$0.68 on Monday, hitting C$73.89. The stock had a trading volume of 53,310 shares, compared to its average volume of 178,268. The firm has a market capitalization of C$8.86 billion, a price-to-earnings ratio of 19.19, a P/E/G ratio of 2.63 and a beta of 0.14. The stock’s 50 day moving average is C$71.47 and its 200-day moving average is C$70.80. The company has a debt-to-equity ratio of 37.12, a quick ratio of 0.31 and a current ratio of 1.35. Definity Financial has a 52-week low of C$61.87 and a 52-week high of C$82.59.

Definity Financial (TSE:DFY) last released its quarterly earnings results on Thursday, November 5th. The company reported C$0.36 earnings per share (EPS) for the quarter. Definity Financial had a net margin of 7.22% and a return on equity of 11.45%. The firm had revenue of C$1.48 billion for the quarter. As a group, research analysts expect that Definity Financial will post 3.13 earnings per share for the current year.

About Definity Financial

Definity Financial Corporation (‘Definity’, which includes its subsidiaries where the context so requires) is one of the leading property and casualty insurers in Canada, with approximately $6.4 billion in gross written premiums (pro forma with the Travelers Transaction 1 ) for the 12 months ended June 30, 2026 and $4.2 billion in equity attributable to common shareholders as at June 30, 2026.