Trisura Group (TSE:TSU) Price Target Raised to C$59.00

Trisura Group (TSE:TSU) had its price objective lifted by equities researchers at Scotiabank from C$56.00 to C$59.00 in a research note issued to investors on Friday, BayStreet.CA reports. Scotiabank’s target price would indicate a potential upside of 36.80% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. CIBC upped their price objective on Trisura Group from C$50.00 to C$55.00 and gave the company an “outperform” rating in a report on Monday, February 12th. Royal Bank of Canada upped their target price on shares of Trisura Group from C$40.00 to C$44.00 and gave the stock an “outperform” rating in a research note on Monday, February 12th. National Bankshares raised their price target on shares of Trisura Group from C$64.00 to C$65.00 and gave the company an “outperform” rating in a research report on Monday, February 12th. Desjardins reissued a “buy” rating on shares of Trisura Group in a research report on Monday. Finally, Cormark increased their price target on Trisura Group from C$51.00 to C$52.00 and gave the company a “buy” rating in a research report on Monday, February 12th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Trisura Group currently has an average rating of “Buy” and a consensus target price of C$56.00.

Trisura Group Stock Performance

Shares of Trisura Group stock traded down C$0.37 during trading on Friday, reaching C$43.13. The company’s stock had a trading volume of 117,496 shares, compared to its average volume of 88,447. Trisura Group has a one year low of C$29.05 and a one year high of C$44.83. The company has a debt-to-equity ratio of 13.67, a quick ratio of 0.22 and a current ratio of 2.46. The firm has a market cap of C$2.05 billion, a price-to-earnings ratio of 287.80 and a beta of 0.82. The business’s fifty day moving average price is C$42.38 and its 200-day moving average price is C$36.72.

Trisura Group (TSE:TSU) last posted its quarterly earnings data on Thursday, February 8th. The company reported C$0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.49 by C$0.05. Trisura Group had a net margin of 2.36% and a return on equity of 12.03%. The company had revenue of C$754.95 million for the quarter. As a group, equities research analysts predict that Trisura Group will post 2.7177792 earnings per share for the current year.

Insider Activity at Trisura Group

In other Trisura Group news, Director Michael Beasley sold 38,822 shares of the firm’s 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 value of C$1,680,022.05. In other news, Director Chris Yoshio Sekine sold 55,518 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of C$43.23, for a total value of C$2,399,837.72. Also, Director Michael Beasley sold 38,822 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of C$43.28, for a total transaction of C$1,680,022.05. Insiders sold a total of 94,825 shares of company stock worth $4,100,283 in the last 90 days. Corporate insiders own 1.62% of the company’s stock.

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.