Desjardins Boosts Trisura Group (TSE:TSU) Price Target to C$53.00

Trisura Group (TSE:TSU - Free Report) had its target price upped by Desjardins from C$48.00 to C$53.00 in a report released on Monday morning, BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

Several other research firms also recently issued reports on TSU. Cormark upped their target price 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. Royal Bank of Canada raised their price objective on Trisura Group from C$44.00 to C$52.00 and gave the stock an outperform rating in a research note on Monday. Scotiabank upped their target price on Trisura Group from C$56.00 to C$59.00 in a research report on Friday, April 26th. Raymond James increased their price target on shares of Trisura Group from C$54.00 to C$64.00 and gave the stock an outperform rating in a report on Monday, February 12th. Finally, CIBC lifted their price objective on shares of Trisura Group from C$55.00 to C$60.00 and gave the company an outperform rating in a research note on Friday. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of Buy and an average target price of C$57.56.

Trisura Group Stock Up 1.0 %

Shares of TSE TSU traded up C$0.43 during mid-day trading on Monday, reaching C$45.30. 135,194 shares of the company were exchanged, compared to its average volume of 88,897. Trisura Group has a 1 year low of C$29.05 and a 1 year high of C$46.08. The firm has a 50-day moving average of C$42.48 and a 200 day moving average of C$37.36. The stock has a market cap of C$2.15 billion, a price-to-earnings ratio of 31.91 and a beta of 0.81. The company has a quick ratio of 0.22, a current ratio of 2.46 and a debt-to-equity ratio of 13.67.

Trisura Group (TSE:TSU - Get Free Report) last issued its quarterly earnings data on Thursday, February 8th. The company reported C$0.54 EPS for the quarter, beating the consensus estimate of C$0.49 by C$0.05. Trisura Group had a return on equity of 12.03% and a net margin of 2.36%. The firm had revenue of C$754.95 million during the quarter. On average, research analysts expect that Trisura Group will post 2.7003195 earnings per share for the current year.

Insider Buying and Selling at Trisura Group

In related news, Director Chris Yoshio Sekine sold 55,518 shares of the firm's stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of C$43.23, for a total value of C$2,399,837.72. In other Trisura Group news, Director Michael Beasley sold 38,822 shares of the company's stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of C$43.28, for a total value of C$1,680,022.05. Also, Director Chris Yoshio Sekine sold 55,518 shares of the firm's stock in a transaction that occurred on 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. Over the last three months, insiders sold 94,825 shares of company stock valued at $4,100,283. Corporate insiders own 1.10% of the company's stock.

About Trisura Group

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.