Trisura Group (TSE:TSU) Hits New 52-Week High on Analyst Upgrade

Shares of Trisura Group Ltd. (TSE:TSU) reached a new 52-week high on Friday after ATB Cormark Capital Markets raised their price target on the stock from C$46.75 to C$52.00. ATB Cormark Capital Markets currently has an outperform rating on the stock. Trisura Group traded as high as C$49.00 and last traded at C$48.50, with a volume of 85683 shares. The stock had previously closed at C$44.48.

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

Trisura Group Trading Up 11.6%

The business’s fifty day simple moving average is C$43.26 and its 200 day simple moving average is C$40.89. The stock has a market cap of C$2.36 billion, a price-to-earnings ratio of 19.38 and a beta of 0.32.

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

About Trisura Group

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.