Trisura Group (TSE:TSU) Given New C$59.00 Price Target at Scotiabank

Trisura Group (TSE:TSU) had its price target upped by analysts at Scotiabank from C$56.00 to C$59.00 in a research report issued on Friday, BayStreet.CA reports. Scotiabank’s price target would suggest a potential upside of 38.34% from the stock’s current price.

Other analysts have also issued reports about the stock. Royal Bank of Canada boosted their target price on shares of Trisura Group from C$40.00 to C$44.00 and gave the company an “outperform” rating in a research report on Monday, February 12th. BMO Capital Markets lifted their price target on shares of Trisura Group from C$49.00 to C$52.00 and gave the company an “outperform” rating in a report on Monday, February 12th. National Bankshares lifted 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 report 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 report on Monday, February 12th. Finally, CIBC lifted their price target on shares of Trisura Group from C$50.00 to C$55.00 and gave the company an “outperform” rating in a report on Monday, February 12th. Nine analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$56.00.

Trisura Group Stock Performance

Shares of TSE TSU opened at C$42.65 on Friday. The firm has a 50 day moving average of C$42.43 and a 200 day moving average of C$36.85. 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 firm has a market capitalization of C$2.02 billion, a price-to-earnings ratio of 284.33 and a beta of 0.82. Trisura Group has a 12-month low of C$29.05 and a 12-month high of C$44.83.

Trisura Group (TSE:TSU) last announced its earnings results on Thursday, February 8th. The company reported C$0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.49 by C$0.05. The company had revenue of C$754.95 million during the quarter. Trisura Group had a net margin of 2.36% and a return on equity of 12.03%. On average, research analysts anticipate that Trisura Group will post 2.7177792 earnings per share for the current year.

Insider Transactions at Trisura Group

In other news, Director Michael Beasley sold 38,822 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were 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 business’s stock in a transaction on Wednesday, March 20th. The shares were 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 company’s stock in a transaction on 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. Over the last quarter, insiders have sold 94,825 shares of company stock valued at $4,100,283. 1.62% of the stock is currently owned by corporate insiders.

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.