Desjardins Reiterates C$56.00 Price Target for Trisura Group (TSE:TSU)

Desjardins set a C$56.00 price objective on Trisura Group (TSE:TSU) in a research report released on Thursday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Separately, Royal Bank Of Canada raised their target price on Trisura Group from C$55.00 to C$57.00 in a research report on Monday, November 10th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of C$54.00.

Trisura Group Stock Up 0.2%

Trisura Group stock opened at C$43.53 on Thursday. The firm has a 50-day moving average price of C$39.26 and a two-hundred day moving average price of C$40.60. The firm has a market capitalization of C$2.07 billion, a price-to-earnings ratio of 17.00 and a beta of 0.08. Trisura Group has a 52-week low of C$30.77 and a 52-week high of C$44.99.

Trisura Group (TSE:TSU) last announced its quarterly earnings results on Thursday, November 6th. The company reported C$0.71 EPS for the quarter. The company had revenue of C$799.34 million for the quarter. Trisura Group had a net margin of 3.76% and a return on equity of 16.30%. Research analysts expect that Trisura Group will post 3.1349036 earnings per share for the current year.

Insider Activity at Trisura Group

In related news, insider Cibc Asset Management Inc. acquired 64,700 shares of the stock in a transaction that occurred on Tuesday, October 21st. The shares were acquired at an average price of C$37.78 per share, for a total transaction of C$2,444,366.00. Following the completion of the purchase, the insider directly owned 5,479,427 shares of the company’s stock, valued at C$207,012,752.06. The trade was a 1.19% increase in their ownership of the stock. 1.09% of the stock is owned by corporate insiders.

Trisura Group Company Profile

Trisura Group Ltd is a Canadian based company engages in the provision of specialty insurance. The company’s operations currently include specialty property and casualty insurance (Surety, Risk Solutions, and Corporate Insurance business lines), underwritten predominantly in Canada. The operating business segments are Trisura Guarantee, Trisura Specialty, and Trisura International. The Trisura Guarantee segment generates maximum revenue, which offers Surety, Risk Solutions and Corporate Insurance products underwritten in Canada as well as the operations of Trisura Warranty.