Trisura Group (TSE:TSU) Given New C$50.00 Price Target at CIBC

Trisura Group (TSE:TSU) had its price objective lowered by stock analysts at CIBC from C$60.00 to C$50.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. CIBC’s price objective points to a potential upside of 47.71% from the company’s previous close.

Trisura Group Stock Performance

Shares of TSU stock traded down C$0.40 on Thursday, hitting C$33.85. 55,254 shares of the stock traded hands, compared to its average volume of 83,087. The company’s fifty day moving average is C$38.25 and its 200 day moving average is C$40.78. Trisura Group has a 1-year low of C$33.40 and a 1-year high of C$46.75. The company has a market capitalization of C$1.61 billion, a PE ratio of 18.20 and a beta of 0.82. The company has a debt-to-equity ratio of 15.83, a current ratio of 76.83 and a quick ratio of 0.22.

Trisura Group (TSE:TSU) last issued its earnings results on Thursday, November 7th. The company reported C$0.68 earnings per share for the quarter, hitting analysts’ consensus estimates of C$0.68. Trisura Group had a net margin of 2.92% and a return on equity of 14.65%. During the same quarter in the previous year, the business earned $0.67 EPS. On average, equities research analysts predict that Trisura Group will post 3.1349036 earnings per share for the current fiscal year.

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.