Trisura Group (TSE:TSU) Price Target Raised to C$54.00

Trisura Group (TSE:TSU) had its target price increased by equities researchers at BMO Capital Markets from C$52.00 to C$54.00 in a report released on Monday, BayStreet.CA reports. BMO Capital Markets’ target price indicates a potential upside of 19.18% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. National Bankshares upped their price objective on shares of Trisura Group from C$64.00 to C$65.00 and gave the company an “outperform” rating in a research note on Monday, February 12th. Raymond James lifted their price target on shares of Trisura Group from C$54.00 to C$64.00 and gave the company an “outperform” rating in a research report on Monday, February 12th. Royal Bank of Canada increased their price objective on shares of Trisura Group from C$40.00 to C$44.00 and gave the stock an “outperform” rating in a research report on Monday, February 12th. Scotiabank lifted their target price on shares of Trisura Group from C$56.00 to C$59.00 in a report on Friday, April 26th. Finally, Desjardins reaffirmed a “buy” rating on shares of Trisura Group in a research report on Monday, April 22nd. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$57.56.

Trisura Group Trading Up 1.0 %

Shares of TSE TSU traded up C$0.44 on Monday, reaching C$45.31. 66,278 shares of the company traded hands, compared to its average volume of 88,034. Trisura Group has a fifty-two week low of C$29.05 and a fifty-two week high of C$46.08. The company has a 50 day moving average of C$42.48 and a 200 day moving average of C$37.36. The company has a current ratio of 2.46, a quick ratio of 0.22 and a debt-to-equity ratio of 13.67. The stock has a market capitalization of C$2.15 billion, a PE ratio of 31.91 and a beta of 0.81.

Trisura Group (TSE:TSU) last posted 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 net margin of 2.36% and a return on equity of 12.03%. The company had revenue of C$754.95 million during the quarter. On average, equities research analysts forecast that Trisura Group will post 2.7003195 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Chris Yoshio Sekine sold 55,518 shares of the stock in a transaction dated 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. In other Trisura Group news, Director Chris Yoshio Sekine sold 55,518 shares of the stock in a transaction 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. Also, Director Michael Beasley sold 38,822 shares of the firm’s stock in a transaction 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. Insiders have sold 94,825 shares of company stock worth $4,100,283 in the last quarter. 1.10% of the stock is owned by corporate insiders.

About Trisura Group

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.