Trisura Group (TSE:TSU) Price Target Raised to C$63.00 at Scotiabank

Trisura Group (TSE:TSU) had its price objective lifted by Scotiabank from C$62.00 to C$63.00 in a report released on Friday, BayStreet.CA reports. They currently have an outperform rating on the stock.

Other analysts have also issued reports about the stock. National Bankshares upped their price target on shares of Trisura Group from C$65.00 to C$67.00 and gave the stock an outperform rating in a research report on Monday, May 6th. BMO Capital Markets upped their price objective on shares of Trisura Group from C$52.00 to C$54.00 in a report on Monday, May 6th. Royal Bank of Canada upped their price objective on shares of Trisura Group from C$44.00 to C$52.00 and gave the company an outperform rating in a report on Monday, May 6th. Desjardins upped their price objective on shares of Trisura Group from C$48.00 to C$53.00 and gave the company a buy rating in a report on Monday, May 6th. Finally, CIBC upped their price objective on shares of Trisura Group from C$55.00 to C$60.00 and gave the company an outperform rating in a report on Friday, May 3rd. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Trisura Group presently has a consensus rating of Buy and an average price target of C$58.00.

Trisura Group Stock Performance

TSE TSU opened at C$43.21 on Friday. The company has a current ratio of 63.09, a quick ratio of 0.22 and a debt-to-equity ratio of 12.85. The firm’s fifty day moving average price is C$42.35 and its two-hundred day moving average price is C$41.71. Trisura Group has a 1 year low of C$29.05 and a 1 year high of C$46.75. The firm has a market capitalization of C$2.05 billion, a P/E ratio of 22.86 and a beta of 0.81.

Trisura Group (TSE:TSU) last posted its quarterly earnings results on Thursday, May 2nd. The company reported C$0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.66 by C$0.02. Trisura Group had a net margin of 3.03% and a return on equity of 15.22%. The firm had revenue of C$744.27 million for the quarter. As a group, research analysts anticipate that Trisura Group will post 2.7520161 EPS for the current year.

Insiders Place Their Bets

In other news, Director Chris Yoshio Sekine sold 2,800 shares of the stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of C$42.16, for a total value of C$118,048.00. In other news, Director David Charles Scotland sold 42,470 shares of the stock in a transaction dated Monday, June 17th. The shares were sold at an average price of C$41.85, for a total value of C$1,777,186.88. Also, Director Chris Yoshio Sekine sold 2,800 shares of the stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of C$42.16, for a total transaction of C$118,048.00. Corporate insiders own 1.10% of the company’s stock.

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.