Trisura Group Ltd. (TSE:TSU) Stock Has Consensus Price Target of C$55.39 According to Brokerages

Trisura Group Ltd. (TSE:TSU) has earned an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$55.39.

A number of research analysts have commented on the company. Desjardins reduced their price objective on Trisura Group from C$60.00 to C$56.00 and set a “buy” rating on the stock in a research note on Thursday, October 29th. Raymond James Financial lowered their target price on Trisura Group from C$58.50 to C$57.50 and set an “outperform” rating for the company in a research note on Friday, October 16th. RBC Dominion Securities dropped their target price on Trisura Group from C$60.00 to C$54.00 and set an “outperform” rating on the stock in a report on Thursday, October 15th. National Bank Financial raised their target price on Trisura Group from C$59.00 to C$60.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Finally, ATB Cormark Capital Markets reduced their price target on Trisura Group from C$55.00 to C$51.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 28th.

Insider Transactions at Trisura Group

In other news, Director Eileen Marie Sweeney sold 2,500 shares of Trisura Group stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of C$42.03, for a total transaction of C$105,075.00. Following the sale, the director owned 139,710 shares in the company, valued at C$5,872,011.30. This trade represents a 1.76% decrease in their ownership of the stock. Insiders have sold a total of 34,800 shares of company stock valued at $1,457,139 over the last three months. 1.09% of the stock is owned by company insiders.

Trisura Group Trading Up 0.6%

TSE:TSU opened at C$41.50 on Wednesday. The firm’s fifty day simple moving average is C$41.48 and its 200 day simple moving average is C$43.02. Trisura Group has a twelve month low of C$36.61 and a twelve month high of C$51.00. The firm has a market capitalization of C$1.96 billion, a price-to-earnings ratio of 12.85 and a beta of 0.49.

Trisura Group (TSE:TSU) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$0.76 earnings per share (EPS) for the quarter. Trisura Group had a return on equity of 16.54% and a net margin of 4.80%. The firm had revenue of C$198.42 million during the quarter. On average, analysts predict that Trisura Group will post 3.13 earnings per share for the current year.

About Trisura Group

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.