Trisura Group (TSE:TSU) Reaches New 1-Year High – Here’s What Happened

Trisura Group Ltd. (TSE:TSU)’s stock price hit a new 52-week high during trading on Friday . The company traded as high as C$49.00 and last traded at C$48.50, with a volume of 85683 shares traded. The stock had previously closed at C$44.48.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Royal Bank Of Canada increased their price objective on Trisura Group from C$55.00 to C$57.00 in a report on Monday, November 10th. National Bank Financial raised 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 note on Wednesday, February 4th. Finally, Desjardins set a C$56.00 price objective on shares of Trisura Group and gave the stock a “buy” rating in a research report on Thursday, December 18th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$55.29.

Trisura Group Price Performance

The stock has a market capitalization of C$2.32 billion, a P/E ratio of 19.02 and a beta of 0.32. The company’s 50-day simple moving average is C$43.06 and its 200-day simple moving average is C$40.88.

Trisura Group (TSE:TSU) last issued its earnings results on Thursday, November 6th. The company reported C$0.71 earnings per share (EPS) for the quarter. Trisura Group had a net margin of 3.76% and a return on equity of 16.30%. The company had revenue of C$799.34 million for the quarter. On average, analysts forecast 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.