Scotiabank Raises Trisura Group (TSE:TSU) Price Target to C$59.00

Trisura Group (TSE:TSU - Get Free Report) had its target price boosted by investment analysts at Scotiabank from C$56.00 to C$59.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. Scotiabank's price objective indicates a potential upside of 38.34% from the company's current price.

A number of other research firms have also recently commented on TSU. Royal Bank of Canada boosted their price objective on Trisura Group from C$40.00 to C$44.00 and gave the company an "outperform" rating in a research report on Monday, February 12th. Cormark boosted their price objective on Trisura Group from C$51.00 to C$52.00 and gave the company a "buy" rating in a research report on Monday, February 12th. National Bankshares boosted their price objective on Trisura Group from C$64.00 to C$65.00 and gave the company an "outperform" rating in a research report on Monday, February 12th. Raymond James boosted their price target on Trisura Group from C$54.00 to C$64.00 and gave the stock an "outperform" rating in a research report on Monday, February 12th. Finally, Desjardins reiterated a "buy" rating on shares of Trisura Group in a research report on Monday. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of C$56.00.

Trisura Group Stock Performance

TSE:TSU traded down C$0.85 during trading hours on Friday, reaching C$42.65. The company had a trading volume of 143,785 shares, compared to its average volume of 88,775. Trisura Group has a 1-year low of C$29.05 and a 1-year high of C$44.83. The firm has a market cap of C$2.02 billion, a PE ratio of 284.80 and a beta of 0.82. The business's 50 day moving average price is C$42.42 and its 200-day moving average price is C$36.77. The company has a debt-to-equity ratio of 13.67, a current ratio of 2.46 and a quick ratio of 0.22.

Trisura Group (TSE:TSU - Get Free Report) last posted its quarterly earnings data on Thursday, February 8th. The company reported C$0.54 EPS for the quarter, beating analysts' consensus estimates of C$0.49 by C$0.05. The business had revenue of C$754.95 million during the quarter. Trisura Group had a return on equity of 12.03% and a net margin of 2.36%. Research analysts forecast that Trisura Group will post 2.7177792 EPS for the current year.

Insider Activity

In other news, Director Michael Beasley sold 38,822 shares of the company's stock in a transaction on Thursday, March 7th. The stock was sold at an average price of C$43.28, for a total value of C$1,680,022.05. In related news, Director Chris Yoshio Sekine sold 55,518 shares of the stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of C$43.23, for a total transaction of C$2,399,837.72. Also, Director Michael Beasley sold 38,822 shares of the stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of C$43.28, for a total value of C$1,680,022.05. Insiders have sold a total of 94,825 shares of company stock valued at $4,100,283 in the last quarter. Insiders own 1.62% of the company's stock.

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.