Royal Bank of Canada Increases Trisura Group (TSE:TSU) Price Target to C$52.00

Trisura Group (TSE:TSU) had its price objective hoisted by Royal Bank of Canada from C$44.00 to C$52.00 in a research report issued on Monday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 15.02% from the stock’s current price.

Other research analysts have also issued reports about the stock. CIBC boosted their target price on shares of Trisura Group from C$55.00 to C$60.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Raymond James boosted their price objective on Trisura Group from C$54.00 to C$64.00 and gave the stock an “outperform” rating in a research report on Monday, February 12th. Desjardins reaffirmed a “buy” rating on shares of Trisura Group in a research note on Monday, April 22nd. BMO Capital Markets increased their price target on Trisura Group from C$52.00 to C$54.00 in a research note on Monday. Finally, National Bankshares lifted 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. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$57.56.

Trisura Group Stock Down 0.2 %

Shares of Trisura Group stock opened at C$45.21 on Monday. Trisura Group has a twelve month low of C$29.05 and a twelve month high of C$46.08. The stock has a market capitalization of C$2.14 billion, a price-to-earnings ratio of 31.84 and a beta of 0.81. 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 business’s 50 day simple moving average is C$42.56 and its 200-day simple moving average is C$37.57.

Trisura Group (TSE:TSU) last issued its earnings results on Thursday, February 8th. The company reported C$0.54 earnings per share for the quarter, topping the consensus estimate of C$0.49 by C$0.05. Trisura Group had a return on equity of 12.03% and a net margin of 2.36%. The firm had revenue of C$754.95 million for the quarter. Equities research analysts forecast that Trisura Group will post 2.7003195 earnings per share for the current year.

Insider Transactions at Trisura Group

In related news, Director Chris Yoshio Sekine sold 55,518 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of C$43.23, for a total transaction of C$2,399,837.72. In other news, Director Michael Beasley sold 38,822 shares of Trisura Group stock in a transaction that occurred 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. Also, Director Chris Yoshio Sekine sold 55,518 shares of the stock in a transaction that occurred 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. In the last 90 days, insiders have sold 94,825 shares of company stock valued at $4,100,283. Corporate insiders own 1.10% of the company’s stock.

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.