Trisura Group Ltd. (TSE:TSU) Receives C$56.66 Consensus Target Price from Brokerages

Shares of Trisura Group Ltd. (TSE:TSU) have received an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$56.66.

Several equities analysts recently commented on the stock. Desjardins set a C$60.00 price target on shares of Trisura Group and gave the company a “buy” rating in a report on Monday, April 27th. Scotiabank lowered shares of Trisura Group from a “sector outperform” rating to a “sector perform” rating and set a C$52.00 price objective on the stock. in a research report on Tuesday, April 28th. Raymond James Financial increased their price objective on shares of Trisura Group from C$57.00 to C$57.25 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Finally, Canadian Imperial Bank of Commerce set a C$59.00 price objective on shares of Trisura Group and gave the stock an “outperform” rating in a research report on Friday, February 27th.

Insiders Place Their Bets

In related news, Director Eileen Marie Sweeney sold 34,800 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of C$40.84, for a total value of C$1,421,232.00. Following the sale, the director directly owned 139,710 shares of the company’s stock, valued at C$5,705,756.40. This represents a 19.94% decrease in their position. 1.09% of the stock is owned by company insiders.

Trisura Group Stock Up 0.2%

Trisura Group stock opened at C$42.65 on Friday. The company’s 50-day moving average price is C$43.12 and its 200-day moving average price is C$43.37. Trisura Group has a twelve month low of C$36.02 and a twelve month high of C$51.00. The company has a market cap of C$2.01 billion, a PE ratio of 13.76 and a beta of 0.64.

Trisura Group (TSE:TSU) last posted its earnings results on Thursday, May 7th. The company reported C$0.78 earnings per share for the quarter. Trisura Group had a net margin of 4.72% and a return on equity of 16.65%. The firm had revenue of C$804.85 million for the quarter. As a group, sell-side analysts expect that Trisura Group will post 3.1349036 earnings per share for the current fiscal year.

Trisura Group Company Profile

Trisura Group Ltd is a Canadian based company engages in the provision of specialty insurance. The company’s operations currently include specialty property and casualty insurance (Surety, Risk Solutions, and Corporate Insurance business lines), underwritten predominantly in Canada. The operating business segments are Trisura Guarantee, Trisura Specialty, and Trisura International. The Trisura Guarantee segment generates maximum revenue, which offers Surety, Risk Solutions and Corporate Insurance products underwritten in Canada as well as the operations of Trisura Warranty.