Trisura Group (TSE:TSU) Price Target Increased to C$52.00 by Analysts at Royal Bank of Canada

Trisura Group (TSE:TSU) had its target price raised by Royal Bank of Canada from C$44.00 to C$52.00 in a research note released on Monday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

TSU has been the subject of a number of other research reports. BMO Capital Markets upped their price objective on shares of Trisura Group from C$52.00 to C$54.00 in a research report on Monday. Raymond James raised their price target on Trisura Group from C$54.00 to C$64.00 and gave the company an outperform rating in a report on Monday, February 12th. Scotiabank upped their price objective on Trisura Group from C$56.00 to C$59.00 in a report on Friday, April 26th. National Bankshares raised their target price on Trisura Group from C$64.00 to C$65.00 and gave the company an outperform rating in a report on Monday, February 12th. Finally, Cormark boosted their price objective on shares of Trisura Group from C$51.00 to C$52.00 and gave the stock a buy rating in a report on Monday, February 12th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of Buy and a consensus target price of C$57.56.

Trisura Group Price Performance

Shares of TSU opened at C$45.30 on Monday. 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 has a 1-year low of C$29.05 and a 1-year high of C$46.08. The stock has a market cap of C$2.15 billion, a PE ratio of 31.90 and a beta of 0.81. The firm has a fifty day moving average price of C$42.52 and a 200 day moving average price of C$37.46.

Trisura Group (TSE:TSU) last announced its earnings results on Thursday, February 8th. The company reported C$0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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. As a group, sell-side analysts anticipate that Trisura Group will post 2.7003195 EPS for the current year.

Insider Activity

In related news, Director Michael Beasley sold 38,822 shares of the company’s stock in a transaction that occurred 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 other Trisura Group news, Director Chris Yoshio Sekine sold 55,518 shares of Trisura Group stock in a transaction that occurred on Wednesday, March 20th. The shares were 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 business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of C$43.28, for a total transaction of C$1,680,022.05. Insiders sold a total of 94,825 shares of company stock valued at $4,100,283 over the last quarter. Company insiders own 1.10% 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.