Trisura Group (TSE:TSU) PT Raised to C$53.00 at Desjardins

Trisura Group (TSE:TSU) had its target price raised by investment analysts at Desjardins from C$48.00 to C$53.00 in a research note issued on Monday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ target price would suggest a potential upside of 17.23% from the company’s current price.

A number of other brokerages have also recently issued reports on TSU. Royal Bank of Canada increased their target price on shares of Trisura Group from C$44.00 to C$52.00 and gave the stock an “outperform” rating in a research report on Monday. Scotiabank raised their price objective on shares of Trisura Group from C$56.00 to C$59.00 in a research report on Friday, April 26th. BMO Capital Markets raised their price objective on shares of Trisura Group from C$52.00 to C$54.00 in a research report on Monday. Raymond James lifted their price target on shares of 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. Finally, National Bankshares lifted their price target on shares of Trisura Group from C$64.00 to C$65.00 and gave the stock an “outperform” rating in a research report on Monday, February 12th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, Trisura Group presently has a consensus rating of “Buy” and an average target price of C$57.56.

Trisura Group Price Performance

TSE:TSU opened at C$45.21 on Monday. The company has a 50-day moving average of C$42.56 and a 200-day moving average of C$37.57. The company has a market capitalization of C$2.14 billion, a price-to-earnings ratio of 31.84 and a beta of 0.81. Trisura Group has a 52 week low of C$29.05 and a 52 week high of C$46.08. The company has a debt-to-equity ratio of 13.67, a quick ratio of 0.22 and a current ratio of 2.46.

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, topping analysts’ consensus estimates of C$0.49 by C$0.05. The business 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%. As a group, equities research analysts anticipate that Trisura Group will post 2.7003195 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Chris Yoshio Sekine sold 55,518 shares of the company’s 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 value of C$2,399,837.72. In other news, Director Chris Yoshio Sekine sold 55,518 shares of the company’s 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 value of C$2,399,837.72. Also, Director Michael Beasley sold 38,822 shares of the company’s 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 transaction of C$1,680,022.05. Insiders have sold 94,825 shares of company stock valued at $4,100,283 in the last 90 days. 1.10% of the stock is owned by 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.