Trisura Group (TSE:TSU) Price Target Raised to C$57.25

Key Points

• Raymond James Financial raised its price target on Trisura Group to C$57.25 from C$57.00 and kept an outperform rating, implying about 36% upside from the current share price.
• Other analysts remain mostly positive: several firms issued buy/outperform ratings with targets in the C$52 to C$60 range, while Scotiabank was the only one noted to downgrade the stock to sector perform.
• Trisura Group recently reported C$0.78 EPS and C$804.85 million in quarterly revenue, while the stock closed at C$42.07 after a decline on Friday.

Trisura Group (TSE:TSU - Get Free Report) had its target price lifted by equities researchers at Raymond James Financial from C$57.00 to C$57.25 in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. Raymond James Financial's price target would suggest a potential upside of 36.08% from the stock's current price.

Other research analysts also recently issued reports about the company. Canadian Imperial Bank of Commerce set a C$59.00 price target on Trisura Group and gave the company an "outperform" rating in a report on Friday, February 27th. Scotiabank downgraded 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 report on Tuesday, April 28th. ATB Cormark Capital Markets boosted their price target on Trisura Group from C$46.75 to C$52.00 and gave the company an "outperform" rating in a report on Friday, February 13th. Desjardins set a C$60.00 price target on Trisura Group and gave the company a "buy" rating in a report on Monday, April 27th. Finally, National Bank Financial upped their price objective on Trisura Group from C$57.00 to C$59.00 and gave the stock an "outperform" rating in a report on Wednesday, February 4th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of C$56.66.

Trisura Group Price Performance

TSU stock traded down C$1.08 on Friday, reaching C$42.07. The company had a trading volume of 148,496 shares, compared to its average volume of 110,573. Trisura Group has a 1 year low of C$35.98 and a 1 year high of C$51.00. The company has a debt-to-equity ratio of 16.98, a quick ratio of 0.22 and a current ratio of 16.58. The company's fifty day moving average is C$44.58 and its 200 day moving average is C$42.90. The company has a market cap of C$2.01 billion, a P/E ratio of 14.36 and a beta of 0.42.

Trisura Group (TSE:TSU - Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported C$0.78 earnings per share (EPS) for the quarter. The firm had revenue of C$804.85 million for the quarter. Trisura Group had a return on equity of 16.30% and a net margin of 5.51%. On average, research analysts forecast 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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