Trisura Group (TSE:TSU) PT Raised to C$63.00

Trisura Group (TSE:TSU) had its price objective lifted by Scotiabank from C$62.00 to C$63.00 in a research report issued on Friday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Scotiabank’s price target suggests a potential upside of 46.21% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. National Bankshares increased their target price on Trisura Group from C$65.00 to C$67.00 and gave the stock an “outperform” rating in a research report on Monday, May 6th. CIBC lifted their target price on Trisura Group from C$55.00 to C$60.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Royal Bank of Canada boosted their price objective on Trisura Group from C$44.00 to C$52.00 and gave the stock an “outperform” rating in a report on Monday, May 6th. Desjardins upped their price target on Trisura Group from C$48.00 to C$53.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Finally, BMO Capital Markets lifted their target price on Trisura Group from C$52.00 to C$54.00 in a research note on Monday, May 6th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Trisura Group currently has a consensus rating of “Buy” and an average price target of C$58.00.

Trisura Group Price Performance

Trisura Group stock traded down C$1.51 during trading hours on Friday, hitting C$43.09. The stock had a trading volume of 129,221 shares, compared to its average volume of 74,670. The stock has a market capitalization of C$2.04 billion, a price-to-earnings ratio of 22.80 and a beta of 0.81. Trisura Group has a 1-year low of C$29.05 and a 1-year high of C$46.75. The stock’s fifty day moving average is C$42.22 and its two-hundred day moving average is C$41.62. The company has a debt-to-equity ratio of 12.85, a current ratio of 63.09 and a quick ratio of 0.22.

Trisura Group (TSE:TSU) last posted its earnings results on Thursday, May 2nd. The company reported C$0.68 earnings per share for the quarter, beating the consensus estimate of C$0.66 by C$0.02. The business had revenue of C$744.27 million for the quarter. Trisura Group had a net margin of 3.03% and a return on equity of 15.22%. As a group, analysts predict that Trisura Group will post 2.7520161 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Chris Yoshio Sekine sold 2,800 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of C$42.16, for a total value of C$118,048.00. In other Trisura Group news, Director Chris Yoshio Sekine sold 2,800 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of C$42.16, for a total transaction of C$118,048.00. Also, Director Robert Edward Taylor acquired 3,000 shares of the stock in a transaction dated Tuesday, June 4th. The shares were bought at an average cost of C$42.11 per share, with a total value of C$126,330.00. Company insiders own 1.10% 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.