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

Trisura Group (TSE:TSU) had its price objective upped by CIBC from C$55.00 to C$60.00 in a research report released on Friday morning, BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

TSU has been the subject of several other research reports. Royal Bank of Canada lifted their price objective on Trisura Group from C$40.00 to C$44.00 and gave the company an outperform rating in a research note on Monday, February 12th. National Bankshares boosted 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 report on Monday, February 12th. Cormark boosted their target price on shares of Trisura Group from C$51.00 to C$52.00 and gave the stock a buy rating in a research note on Monday, February 12th. Desjardins reissued a buy rating on shares of Trisura Group in a report on Monday, April 22nd. Finally, Raymond James lifted their price target on Trisura Group from C$54.00 to C$64.00 and gave the stock an outperform rating in a report on Monday, February 12th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of Buy and an average target price of C$56.63.

Trisura Group Price Performance

Shares of TSU opened at C$44.87 on Friday. The company has a quick ratio of 0.22, a current ratio of 2.46 and a debt-to-equity ratio of 13.67. Trisura Group has a fifty-two week low of C$29.05 and a fifty-two week high of C$46.08. The company has a market cap of C$2.13 billion, a P/E ratio of 31.60 and a beta of 0.81. The firm’s 50 day moving average price is C$42.48 and its 200 day moving average price is C$37.36.

Trisura Group (TSE:TSU) last posted its quarterly earnings data on Thursday, February 8th. The company reported C$0.54 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.49 by C$0.05. The business had revenue of C$754.95 million for the quarter. Trisura Group had a return on equity of 12.03% and a net margin of 2.36%. On average, research analysts forecast that Trisura Group will post 2.7003195 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Chris Yoshio Sekine sold 55,518 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was 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 firm’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 transaction of C$2,399,837.72. Also, Director Michael Beasley sold 38,822 shares of the company’s stock in a transaction 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. Over the last 90 days, insiders have sold 94,825 shares of company stock valued at $4,100,283. 1.10% of the stock is currently owned by insiders.

Trisura Group Company Profile

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.