Trisura Group (TSE:TSU) PT Raised to C$62.00 at Scotiabank

Trisura Group (TSE:TSU) had its price objective upped by Scotiabank from C$59.00 to C$62.00 in a report issued on Wednesday, BayStreet.CA reports. Scotiabank’s price objective points to a potential upside of 39.58% from the stock’s previous close.

A number of other research firms also recently commented on TSU. National Bankshares boosted their price target on Trisura Group from C$65.00 to C$67.00 and gave the company an “outperform” rating in a research note on Monday, May 6th. Desjardins upped their price target on shares of Trisura Group from C$48.00 to C$53.00 and gave the stock a “buy” rating in a report on Monday, May 6th. BMO Capital Markets lifted their price objective on shares of Trisura Group from C$52.00 to C$54.00 in a research note on Monday, May 6th. CIBC upped their target price on Trisura Group from C$55.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Finally, Royal Bank of Canada raised their price objective on Trisura Group from C$44.00 to C$52.00 and gave the company an “outperform” rating in a report on Monday, May 6th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$57.89.

Trisura Group Stock Performance

TSE TSU traded up C$0.14 on Wednesday, reaching C$44.42. The stock had a trading volume of 15,636 shares, compared to its average volume of 74,240. The company has a debt-to-equity ratio of 12.85, a current ratio of 63.09 and a quick ratio of 0.22. The company has a market cap of C$2.11 billion, a P/E ratio of 23.53 and a beta of 0.81. The firm has a fifty day moving average of C$41.90 and a two-hundred day moving average of C$41.21. Trisura Group has a 1-year low of C$29.05 and a 1-year high of C$46.08.

Trisura Group (TSE:TSU) last released its quarterly earnings results on Thursday, May 2nd. The company reported C$0.68 EPS for the quarter, beating the consensus estimate of C$0.66 by C$0.02. Trisura Group had a net margin of 3.03% and a return on equity of 15.22%. The business had revenue of C$744.27 million for the quarter. On average, equities research analysts anticipate that Trisura Group will post 2.7520161 EPS for the current year.

Insider Activity at Trisura Group

In other Trisura Group news, Director David Charles Scotland sold 42,470 shares of the company’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of C$41.85, for a total value of C$1,777,186.88. In other Trisura Group news, Director David Charles Scotland sold 42,470 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of C$41.85, for a total transaction of C$1,777,186.88. Also, Director Chris Yoshio Sekine sold 2,800 shares of the company’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of C$42.16, for a total transaction of C$118,048.00. 1.10% of the stock is currently owned by company insiders.

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.