Trisura Group Ltd. (TSE:TSU) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Trisura Group received a “Moderate Buy” consensus rating from six brokerages, with five buys and one hold. The average 12-month price target is C$56.61.
• National Bank Financial raised its price target to C$60 from C$59, while ATB Cormark lowered its target to C$51 from C$55; both firms maintained “outperform” ratings.
• Insiders have sold 34,800 shares worth approximately C$1.46 million over the past three months. Trisura recently reported quarterly EPS of C$0.76 on revenue of C$198.42 million.

Trisura Group Ltd. (TSE:TSU - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the six research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$56.61.

A number of research firms recently weighed in on TSU. National Bank Financial increased their price objective on Trisura Group from C$59.00 to C$60.00 and gave the company an "outperform" rating in a report on Monday, July 27th. ATB Cormark Capital Markets dropped their target price on shares of Trisura Group from C$55.00 to C$51.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 28th.

Insider Transactions at Trisura Group

In related news, Director Eileen Marie Sweeney sold 2,500 shares of Trisura Group stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of C$42.03, for a total value of C$105,075.00. Following the completion of the sale, the director owned 139,710 shares of the company's stock, valued at approximately C$5,872,011.30. This trade represents a 1.76% decrease in their position. Over the last three months, insiders have sold 34,800 shares of company stock valued at $1,457,139. Company insiders own 1.09% of the company's stock.

Trisura Group Price Performance

Shares of Trisura Group stock opened at C$42.45 on Tuesday. Trisura Group has a fifty-two week low of C$36.02 and a fifty-two week high of C$51.00. The firm has a market capitalization of C$2.00 billion, a P/E ratio of 13.14 and a beta of 0.54. The company's 50 day moving average price is C$42.47 and its two-hundred day moving average price is C$43.14.

Trisura Group (TSE:TSU - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported C$0.76 earnings per share (EPS) for the quarter. The business had revenue of C$198.42 million during the quarter. Trisura Group had a return on equity of 16.54% and a net margin of 4.80%. On average, analysts expect that Trisura Group will post 3.1349036 earnings per share for the current 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.

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