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

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

Several other brokerages have also weighed in on TSU. Royal Bank of Canada lifted their target price on shares of 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. Cormark lifted their target price on shares of Trisura Group from C$51.00 to C$52.00 and gave the company a buy rating in a research report on Monday, February 12th. CIBC lifted their target price on shares of Trisura Group from C$50.00 to C$55.00 and gave the company an outperform rating in a research report on Monday, February 12th. Raymond James lifted their target price on shares of Trisura Group from C$54.00 to C$64.00 and gave the company an outperform rating in a research report on Monday, February 12th. Finally, BMO Capital Markets lifted their target price on shares of Trisura Group from C$49.00 to C$52.00 and gave the company an outperform rating in a research report on Monday, February 12th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, Trisura Group currently has an average rating of Buy and an average price target of C$56.00.

Trisura Group Stock Performance

TSE TSU opened at C$42.65 on Friday. The company has a debt-to-equity ratio of 13.67, a current ratio of 2.46 and a quick ratio of 0.22. 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’s fifty day moving average is C$42.43 and its two-hundred day moving average is C$36.89. 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 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.49 by C$0.05. The company had revenue of C$754.95 million for the quarter. Trisura Group had a net margin of 2.36% and a return on equity of 12.03%. Equities research analysts forecast that Trisura Group will post 2.7177792 EPS for the current year.

Insiders Place Their Bets

In other Trisura Group news, Director Chris Yoshio Sekine sold 55,518 shares of the business’s stock in a transaction dated 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. In related news, Director Chris Yoshio Sekine sold 55,518 shares of the business’s 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. Over the last three months, insiders sold 94,825 shares of company stock valued at $4,100,283. Insiders own 1.62% of the company’s stock.

About Trisura Group

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.