Trisura Group (TSE:TSU) Price Target Raised to C$53.00

Trisura Group (TSE:TSU) had its price objective increased by Desjardins from C$48.00 to C$53.00 in a research report released on Monday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other analysts have also recently commented on the company. Cormark lifted their price target on Trisura Group from C$51.00 to C$52.00 and gave the company a buy rating in a report on Monday, February 12th. CIBC boosted their target price on shares of Trisura Group from C$55.00 to C$60.00 and gave the company an outperform rating in a report on Friday, May 3rd. BMO Capital Markets increased their price target on shares of Trisura Group from C$52.00 to C$54.00 in a research note on Monday. Scotiabank boosted their price objective on shares of Trisura Group from C$56.00 to C$59.00 in a research note on Friday, April 26th. Finally, Royal Bank of Canada increased their target price on Trisura Group from C$44.00 to C$52.00 and gave the stock an outperform rating in a research report on Monday. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of Buy and a consensus target price of C$57.56.

Trisura Group Stock Up 0.4 %

TSU stock opened at C$45.37 on Monday. Trisura Group has a one year low of C$29.05 and a one year high of C$46.08. The stock has a market capitalization of C$2.15 billion, a P/E ratio of 31.95 and a beta of 0.81. The company has a 50 day moving average price of C$42.58 and a two-hundred day moving average price of C$37.62. The company has a debt-to-equity ratio of 13.67, a quick ratio of 0.22 and a current ratio of 2.46.

Trisura Group (TSE:TSU) last announced its quarterly earnings data on Thursday, February 8th. The company reported C$0.54 EPS for the quarter, beating analysts’ consensus estimates of C$0.49 by C$0.05. Trisura Group had a return on equity of 12.03% and a net margin of 2.36%. The business had revenue of C$754.95 million during the quarter. As a group, sell-side analysts expect that Trisura Group will post 2.7003195 EPS for the current year.

Insiders Place Their Bets

In other news, Director Chris Yoshio Sekine sold 55,518 shares of Trisura Group stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of C$43.23, for a total transaction of C$2,399,837.72. In other Trisura Group news, Director Michael Beasley sold 38,822 shares of Trisura Group stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of C$43.28, for a total transaction of C$1,680,022.05. Also, Director Chris Yoshio Sekine sold 55,518 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of C$43.23, for a total value of C$2,399,837.72. Insiders sold a total of 94,825 shares of company stock worth $4,100,283 in the last 90 days. 1.10% of the stock is owned by company insiders.

Trisura Group Company Profile

Trisura Group Ltd., a specialty insurance company, operates in the surety, risk solutions, corporate insurance, and reinsurance businesses in Canada, the United States, and internationally. The company operates through Trisura Canada and Trisura the United States segments. It also offers risk solutions, fronting, and insurance products, as well as provides business underwriting services.