Trisura Group (TSE:TSU) Stock Price Expected to Rise, National Bank Financial Analyst Says

Trisura Group (TSE:TSUGet Free Report) had its price objective raised by equities research analysts at National Bank Financial from C$59.00 to C$60.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s target price points to a potential upside of 36.64% from the company’s current price.

A number of other equities research analysts have also commented on TSU. Scotiabank lowered Trisura Group from a “sector outperform” rating to a “sector perform” rating and set a C$52.00 price target on the stock. in a research report on Tuesday, April 28th. Desjardins set a C$60.00 target price on shares of Trisura Group and gave the stock a “buy” rating in a report on Monday, April 27th. Finally, Raymond James Financial lifted their price target on shares of Trisura Group from C$57.00 to C$57.25 and gave the company an “outperform” rating in a research note on Friday, May 8th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$56.78.

Read Our Latest Research Report on TSU

Trisura Group Trading Up 2.5%

Shares of TSU traded up C$1.09 during trading hours on Monday, reaching C$43.91. The stock had a trading volume of 18,050 shares, compared to its average volume of 101,494. The company has a quick ratio of 0.22, a current ratio of 23.58 and a debt-to-equity ratio of 23.38. Trisura Group has a 52 week low of C$36.02 and a 52 week high of C$51.00. The firm has a 50-day moving average of C$42.81 and a 200 day moving average of C$43.89. The company has a market cap of C$2.07 billion, a P/E ratio of 14.16 and a beta of 0.55.

Trisura Group (TSE:TSUGet Free Report) last posted its earnings results on Thursday, May 7th. The company reported C$0.78 earnings per share for the quarter. Trisura Group had a return on equity of 16.65% and a net margin of 4.72%.The firm had revenue of C$804.85 million for the quarter. On average, sell-side analysts expect that Trisura Group will post 3.1349036 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Eileen Marie Sweeney sold 34,800 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of C$40.84, for a total transaction of C$1,421,232.00. Following the completion of the transaction, the director owned 139,710 shares in the company, valued at approximately C$5,705,756.40. This represents a 19.94% decrease in their ownership of the stock. Insiders own 1.09% of the company’s stock.

Trisura Group Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Trisura Group (TSE:TSU)

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