Trisura Group Ltd. (TSE:TSU) Receives C$56.66 Consensus Price Target from Brokerages

Shares of Trisura Group Ltd. (TSE:TSU) have earned a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$56.66.

TSU has been the subject of a number of research analyst reports. Scotiabank cut Trisura Group from a “sector outperform” rating to a “sector perform” rating and set a C$52.00 price target for the company. in a research report on Tuesday, April 28th. Desjardins set a C$60.00 price objective on shares of Trisura Group and gave the stock a “buy” rating in a research report on Monday, April 27th. Finally, Raymond James Financial increased their price objective on shares of Trisura Group from C$57.00 to C$57.25 and gave the company an “outperform” rating in a research note on Friday, May 8th.

Trisura Group Price Performance

Shares of TSE:TSU opened at C$45.46 on Thursday. The business’s 50 day simple moving average is C$42.56 and its 200-day simple moving average is C$43.83. The firm has a market capitalization of C$2.15 billion, a price-to-earnings ratio of 14.66 and a beta of 0.55. The company has a debt-to-equity ratio of 23.38, a current ratio of 23.58 and a quick ratio of 0.22. Trisura Group has a 12 month low of C$36.02 and a 12 month high of C$51.00.

Trisura Group (TSE:TSU) last released its quarterly earnings data on Thursday, May 7th. The company reported C$0.78 earnings per share for the quarter. The firm had revenue of C$804.85 million during the quarter. Trisura Group had a return on equity of 16.65% and a net margin of 4.72%. As a group, equities analysts forecast that Trisura Group will post 3.1349036 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Eileen Marie Sweeney sold 34,800 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of C$40.84, for a total value of C$1,421,232.00. Following the sale, the director directly owned 139,710 shares in the company, valued at C$5,705,756.40. This represents a 19.94% decrease in their ownership of the stock. 1.09% of the stock is owned by company insiders.

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.