Scotiabank Increases Trisura Group (TSE:TSU) Price Target to C$62.00

Trisura Group (TSE:TSU) had its price target raised by analysts at Scotiabank from C$59.00 to C$62.00 in a note issued to investors on Wednesday, BayStreet.CA reports. Scotiabank’s price objective would indicate a potential upside of 39.58% from the company’s current price.

A number of other research analysts also recently weighed in on TSU. National Bankshares raised their price target on shares of Trisura Group from C$65.00 to C$67.00 and gave the company an “outperform” rating in a report on Monday, May 6th. Royal Bank of Canada upped their price target on Trisura Group from C$44.00 to C$52.00 and gave the stock an “outperform” rating in a research note on Monday, May 6th. Desjardins increased their price objective on Trisura Group from C$48.00 to C$53.00 and gave the company a “buy” rating in a report on Monday, May 6th. BMO Capital Markets boosted their target price on Trisura Group from C$52.00 to C$54.00 in a report on Monday, May 6th. Finally, CIBC increased their price target on 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 analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$57.89.

Trisura Group Stock Up 0.3 %

TSU stock traded up C$0.14 during mid-day trading on Wednesday, hitting C$44.42. The stock had a trading volume of 15,636 shares, compared to its average volume of 74,240. Trisura Group has a 1-year low of C$29.05 and a 1-year high of C$46.08. The company has a fifty day moving average of C$41.90 and a 200 day moving average of C$41.21. 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 stock has a market capitalization of C$2.11 billion, a price-to-earnings ratio of 23.53 and a beta of 0.81.

Trisura Group (TSE:TSU) last released its quarterly earnings data on Thursday, May 2nd. The company reported C$0.68 EPS for the quarter, topping analysts’ consensus estimates of C$0.66 by C$0.02. The firm had revenue of C$744.27 million for the quarter. Trisura Group had a return on equity of 15.22% and a net margin of 3.03%. On average, equities analysts expect that Trisura Group will post 2.7520161 EPS for the current fiscal year.

Insider Activity

In related news, Director David Charles Scotland sold 42,470 shares of the business’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of C$41.85, for a total transaction of C$1,777,186.88. In related 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 Trisura Group stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of C$42.16, for a total value of C$118,048.00. 1.10% of the stock is owned by company 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.