Desjardins Raises Trisura Group (TSE:TSU) Price Target to C$53.00

Trisura Group (TSE:TSU) had its price target boosted by Desjardins from C$48.00 to C$53.00 in a report issued on Monday, BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

TSU has been the subject of several other research reports. Cormark boosted their target price on 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. Scotiabank boosted their target price on shares of Trisura Group from C$56.00 to C$59.00 in a research note on Friday, April 26th. CIBC lifted their price objective on shares of Trisura Group from C$55.00 to C$60.00 and gave the company an outperform rating in a report on Friday, May 3rd. Royal Bank of Canada upped their target price on shares of Trisura Group from C$44.00 to C$52.00 and gave the stock an outperform rating in a research note on Monday. Finally, Raymond James lifted their price target on shares of Trisura Group from C$54.00 to C$64.00 and gave the company an outperform rating in a research note on Monday, February 12th. Nine analysts have rated the stock with a buy rating, According to MarketBeat, Trisura Group currently has an average rating of Buy and a consensus price target of C$57.56.

Trisura Group Stock Up 0.4 %

Shares of TSU opened at C$45.37 on Monday. The company has a quick ratio of 0.22, a current ratio of 2.46 and a debt-to-equity ratio of 13.67. The business has a fifty day moving average of C$42.58 and a 200 day moving average of C$37.62. The company has a market cap of C$2.15 billion, a PE ratio of 31.95 and a beta of 0.81. Trisura Group has a 52-week low of C$29.05 and a 52-week high of C$46.08.

Trisura Group (TSE:TSU) last released its 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 firm had revenue of C$754.95 million during the quarter. Trisura Group had a net margin of 2.36% and a return on equity of 12.03%. On average, sell-side analysts expect that Trisura Group will post 2.7003195 EPS for the current year.

Insider Activity at Trisura Group

In other news, Director Chris Yoshio Sekine sold 55,518 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of C$43.23, for a total value of C$2,399,837.72. In related news, Director Michael Beasley sold 38,822 shares of the company’s 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. Also, Director Chris Yoshio Sekine sold 55,518 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of C$43.23, for a total value of C$2,399,837.72. Insiders sold 94,825 shares of company stock valued at $4,100,283 over the last 90 days. Insiders own 1.10% 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.