Trisura Group (TSE:TSU) Price Target Increased to C$60.00 by Analysts at CIBC

Trisura Group (TSE:TSU) had its price target increased by CIBC from C$55.00 to C$60.00 in a report issued on Friday, BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

TSU has been the topic of a number of other research reports. Royal Bank of Canada upped their price target on shares of Trisura Group from C$40.00 to C$44.00 and gave the stock an outperform rating in a research note on Monday, February 12th. National Bankshares increased their price target on shares of Trisura Group from C$64.00 to C$65.00 and gave the company an outperform rating in a report on Monday, February 12th. Cormark boosted their price objective on shares of Trisura Group from C$51.00 to C$52.00 and gave the stock a buy rating in a report on Monday, February 12th. BMO Capital Markets upped their price objective on 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. Finally, Desjardins reissued a buy rating on shares of Trisura Group in a report on Monday, April 22nd. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of Buy and an average target price of C$56.63.

Trisura Group Price Performance

Shares of TSU opened at C$44.87 on Friday. Trisura Group has a fifty-two week low of C$29.05 and a fifty-two week high of C$46.08. The firm’s 50-day simple moving average is C$42.48 and its two-hundred day simple moving average is C$37.27. The stock has a market cap of C$2.13 billion, a PE ratio of 31.60 and a beta of 0.81. The company has a debt-to-equity ratio of 13.67, a quick ratio of 0.22 and a current ratio of 2.46.

Trisura Group (TSE:TSU) last posted its quarterly earnings results on Thursday, February 8th. The company reported C$0.54 earnings per share for the quarter, topping the consensus estimate of C$0.49 by C$0.05. Trisura Group had a return on equity of 12.03% and a net margin of 2.36%. The company had revenue of C$754.95 million for the quarter. Analysts anticipate that Trisura Group will post 2.7003195 earnings per share for the current fiscal year.

Insider Buying and Selling at Trisura Group

In other news, Director Michael Beasley sold 38,822 shares of the firm’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. In other news, Director Michael Beasley sold 38,822 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of C$43.28, for a total transaction of C$1,680,022.05. Also, Director Chris Yoshio Sekine sold 55,518 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of C$43.23, for a total transaction of C$2,399,837.72. In the last ninety days, insiders sold 94,825 shares of company stock worth $4,100,283. 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.