Trisura Group (TSE:TSU) Price Target Raised to C$53.00 at Desjardins

Trisura Group (TSE:TSU) had its price objective upped by Desjardins from C$48.00 to C$53.00 in a research report report published on Monday, BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

Several other equities analysts have also recently commented on the stock. Raymond James boosted their target price on shares of Trisura Group from C$54.00 to C$64.00 and gave the company an outperform rating in a research report on Monday, February 12th. CIBC lifted their price target on Trisura Group from C$55.00 to C$60.00 and gave the company an outperform rating in a research note on Friday. Cormark lifted their target price on Trisura Group from C$51.00 to C$52.00 and gave the company a buy rating in a research report on Monday, February 12th. National Bankshares increased their target price 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. Finally, BMO Capital Markets raised their price target on shares of Trisura Group from C$52.00 to C$54.00 in a research note on Monday. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of Buy and a consensus price target of C$57.56.

Trisura Group Stock Performance

TSU opened at C$45.30 on Monday. 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 12-month low of C$29.05 and a 12-month high of C$46.08. The business has a 50 day moving average of C$42.52 and a 200-day moving average of C$37.46. The stock has a market cap of C$2.15 billion, a price-to-earnings ratio of 31.90 and a beta of 0.81.

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

Insider Activity at Trisura Group

In related news, 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. In related news, Director Chris Yoshio Sekine sold 55,518 shares of Trisura Group stock in a transaction dated 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 Trisura Group stock in a transaction on Thursday, March 7th. The shares were sold at an average price of C$43.28, for a total value of C$1,680,022.05. In the last 90 days, insiders have sold 94,825 shares of company stock valued at $4,100,283. 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.