Trisura Group (TSE:TSU) Price Target Raised to C$60.00

Trisura Group (TSE:TSU) had its price target upped by National Bank Financial from C$59.00 to C$60.00 in a research note released on Monday,BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock.

Other equities research analysts also recently issued research reports about the company. Raymond James Financial boosted their price target on Trisura Group from C$57.00 to C$57.25 and gave the company an “outperform” rating in a research report on Friday, May 8th. Scotiabank downgraded Trisura Group from a “sector outperform” rating to a “sector perform” rating and set a C$52.00 price objective on the stock. in a report on Tuesday, April 28th. Finally, Desjardins set a C$60.00 price objective on Trisura Group and gave the company a “buy” rating in a research note on Monday, April 27th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$56.66.

Trisura Group Stock Down 3.0%

Shares of TSE TSU opened at C$43.09 on Monday. Trisura Group has a 52-week low of C$36.02 and a 52-week high of C$51.00. The firm has a fifty day moving average of C$42.98 and a 200-day moving average of C$43.87. The stock has a market capitalization of C$2.04 billion, a PE ratio of 13.90 and a beta of 0.55. The company has a quick ratio of 0.22, a current ratio of 23.58 and a debt-to-equity ratio of 23.38.

Trisura Group (TSE:TSU) last released its quarterly earnings data on Thursday, May 7th. The company reported C$0.78 EPS for the quarter. The business had revenue of C$804.85 million during the quarter. Trisura Group had a return on equity of 16.65% and a net margin of 4.72%. On average, analysts anticipate that Trisura Group will post 3.1349036 EPS for the current year.

Insiders Place Their Bets

In related news, Director Eileen Marie Sweeney sold 34,800 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of C$40.84, for a total value of C$1,421,232.00. Following the completion of the sale, the director directly owned 139,710 shares in the company, valued at approximately C$5,705,756.40. This represents a 19.94% decrease in their position. Company insiders own 1.09% of the company’s stock.

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.