Trisura Group (TSE:TSU) Stock Price Down 0.5% – Here’s What Happened

Trisura Group Ltd. (TSE:TSU)’s stock price was down 0.5% during mid-day trading on Friday . The company traded as low as C$42.56 and last traded at C$43.00. Approximately 780,311 shares traded hands during mid-day trading, an increase of 639% from the average daily volume of 105,660 shares. The stock had previously closed at C$43.20.

Wall Street Analyst Weigh In

TSU has been the subject of a number of research reports. ATB Cormark Capital Markets increased their target price on Trisura Group from C$46.75 to C$52.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. National Bank Financial boosted their price target on shares of Trisura Group from C$57.00 to C$59.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Desjardins set a C$56.00 price target on shares of Trisura Group and gave the company a “buy” rating in a research note on Thursday, December 18th. Finally, Canadian Imperial Bank of Commerce set a C$59.00 price objective on shares of Trisura Group and gave the company an “outperform” rating in a research report on Friday, February 27th. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Trisura Group currently has a consensus rating of “Buy” and a consensus price target of C$55.13.

Trisura Group Stock Performance

The firm has a market capitalization of C$2.05 billion, a PE ratio of 14.68 and a beta of 0.34. The business has a 50-day simple moving average of C$44.79 and a 200-day simple moving average of C$41.62. The company has a debt-to-equity ratio of 16.98, a current ratio of 16.58 and a quick ratio of 0.22.

Trisura Group (TSE:TSU) last announced its earnings results on Thursday, February 12th. The company reported C$0.75 EPS for the quarter. The firm had revenue of C$200.31 million during the quarter. Trisura Group had a return on equity of 16.30% and a net margin of 5.51%. Equities research analysts expect that Trisura Group Ltd. will post 3.1349036 earnings per share for the current fiscal year.

About Trisura Group

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.