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

Trisura Group (TSE:TSU) had its target price upped by Scotiabank from C$56.00 to C$59.00 in a report released on Friday, BayStreet.CA reports.

Several other equities analysts have also weighed in on the stock. Desjardins reiterated a buy rating on shares of Trisura Group in a report on Monday, April 22nd. Cormark increased their price objective on Trisura Group from C$51.00 to C$52.00 and gave the stock a buy rating in a research report on Monday, February 12th. Royal Bank of Canada lifted their target price 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. CIBC increased their price target on Trisura Group from C$50.00 to C$55.00 and gave the stock an outperform rating in a report on Monday, February 12th. Finally, Raymond James boosted their price objective on shares of Trisura Group from C$54.00 to C$64.00 and gave the company an outperform rating in a report on Monday, February 12th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, Trisura Group currently has a consensus rating of Buy and an average target price of C$56.00.

Trisura Group Price Performance

Trisura Group stock opened at C$42.65 on Friday. The company has a fifty day simple moving average of C$42.42 and a 200-day simple moving average of C$36.77. The firm has a market capitalization of C$2.02 billion, a price-to-earnings ratio of 284.33 and a beta of 0.82. 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 has a 52-week low of C$29.05 and a 52-week high of C$44.83.

Trisura Group (TSE:TSU) last posted its quarterly earnings results on Thursday, February 8th. The company reported C$0.54 EPS for the quarter, topping 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 business had revenue of C$754.95 million for the quarter. On average, equities analysts anticipate that Trisura Group will post 2.7177792 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Michael Beasley sold 38,822 shares of the 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 other news, Director Chris Yoshio Sekine sold 55,518 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of C$43.23, for a total value of C$2,399,837.72. Also, Director Michael Beasley sold 38,822 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of C$43.28, for a total transaction of C$1,680,022.05. In the last 90 days, insiders have sold 94,825 shares of company stock valued at $4,100,283. Corporate 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.