Trisura Group (TSE:TSU) Reaches New 52-Week High on Analyst Upgrade

Trisura Group Ltd. (TSE:TSU) reached a new 52-week high during trading on Friday after ATB Cormark Capital Markets raised their price target on the stock from C$46.75 to C$52.00. ATB Cormark Capital Markets currently has an outperform rating on the stock. Trisura Group traded as high as C$49.00 and last traded at C$48.50, with a volume of 85683 shares traded. The stock had previously closed at C$44.48.

Several other analysts have also issued reports on the company. Desjardins set a C$56.00 price objective on Trisura Group and gave the stock a “buy” rating in a report on Thursday, December 18th. Royal Bank Of Canada upped their target price on Trisura Group from C$55.00 to C$57.00 in a research report on Monday, November 10th. Finally, National Bank Financial raised their price target on Trisura Group from C$57.00 to C$59.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Five research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$54.88.

Trisura Group Stock Performance

The company has a market cap of C$2.36 billion, a P/E ratio of 19.38 and a beta of 0.32. The firm has a 50 day moving average price of C$43.26 and a 200-day moving average price of C$40.89.

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

Trisura Group Company Profile

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. The Trisura Guarantee segment generates maximum revenue, which offers Surety, Risk Solutions and Corporate Insurance products underwritten in Canada as well as the operations of Trisura Warranty.