Trisura Group (TSE:TSU) PT Set at C$56.00 by Desjardins

Trisura Group (TSE:TSU) received a C$56.00 price target from Desjardins in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ target price points to a potential upside of 29.12% from the stock’s current price.

Separately, Royal Bank Of Canada lifted their price target on shares of Trisura Group from C$55.00 to C$57.00 in a report on Monday, November 10th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$54.00.

Trisura Group Stock Up 1.8%

Trisura Group stock traded up C$0.76 during mid-day trading on Thursday, reaching C$43.37. 65,852 shares of the company’s stock were exchanged, compared to its average volume of 87,921. The firm has a market capitalization of C$2.06 billion, a PE ratio of 16.94 and a beta of 0.08. Trisura Group has a one year low of C$30.77 and a one year high of C$44.99. The business’s fifty day simple moving average is C$39.04 and its 200 day simple moving average is C$40.56.

Trisura Group (TSE:TSU) last posted its quarterly earnings results on Thursday, November 6th. The company reported C$0.71 earnings per share for the quarter. The company had revenue of C$799.34 million during the quarter. Trisura Group had a net margin of 3.76% and a return on equity of 16.30%. On average, sell-side analysts forecast that Trisura Group will post 3.1349036 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Cibc Asset Management Inc. acquired 64,700 shares of Trisura Group stock in a transaction that occurred on Tuesday, October 21st. The stock was bought at an average price of C$37.78 per share, with a total value of C$2,444,366.00. Following the completion of the purchase, the insider owned 5,479,427 shares in the company, valued at approximately C$207,012,752.06. The trade was a 1.19% increase in their ownership of the stock. Corporate insiders own 1.09% of the company’s stock.

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.