ATB Cormark Capital Markets Forecasts Strong Price Appreciation for Trisura Group (TSE:TSU) Stock

Trisura Group (TSE:TSU) had its target price upped by stock analysts at ATB Cormark Capital Markets from C$46.75 to C$52.00 in a research note issued on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price objective would suggest a potential upside of 4.80% from the stock’s current price.

Other analysts have also issued research reports about the stock. Royal Bank Of Canada lifted their price objective on shares of Trisura Group from C$55.00 to C$57.00 in a research note on Monday, November 10th. National Bank Financial lifted their price target on shares of Trisura Group from C$57.00 to C$59.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Finally, Desjardins set a C$56.00 price objective on shares of Trisura Group and gave the stock a “buy” rating in a report on Thursday, December 18th. Five research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$54.88.

Trisura Group Stock Up 11.6%

TSU opened at C$49.62 on Friday. The firm has a market cap of C$2.36 billion, a P/E ratio of 19.38 and a beta of 0.32. Trisura Group has a 52 week low of C$30.77 and a 52 week high of C$51.00. The business’s fifty day simple moving average is C$43.26 and its 200 day simple moving average is C$40.89.

Trisura Group (TSE:TSU) last released its quarterly earnings data on Thursday, November 6th. The company reported C$0.71 earnings per share (EPS) for the quarter. Trisura Group had a net margin of 3.76% and a return on equity of 16.30%. The company had revenue of C$799.34 million during the quarter. As a group, equities analysts expect that Trisura Group will post 3.1349036 EPS for the current fiscal year.

Trisura Group Company Profile

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.