Trisura Group Ltd. (TSE:TSU) Given Average Rating of “Buy” by Brokerages

Shares of Trisura Group Ltd. (TSE:TSU) have been assigned a consensus rating of “Buy” from the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a buy recommendation. The average 1-year price target among brokerages that have covered the stock in the last year is C$58.13.

A number of analysts have weighed in on the stock. CIBC boosted their target price on shares of Trisura Group from C$55.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. National Bankshares upped their target price on Trisura Group from C$65.00 to C$67.00 and gave the stock an “outperform” rating in a report on Monday, May 6th. Desjardins boosted their price target on Trisura Group from C$48.00 to C$53.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Royal Bank of Canada upped their price objective on Trisura Group from C$44.00 to C$52.00 and gave the company an “outperform” rating in a research note on Monday, May 6th. Finally, Scotiabank boosted their target price on shares of Trisura Group from C$62.00 to C$63.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd.

Trisura Group Stock Up 0.4 %

TSE TSU opened at C$41.82 on Friday. Trisura Group has a fifty-two week low of C$29.05 and a fifty-two week high of C$46.75. The business has a fifty day moving average price of C$42.19 and a two-hundred day moving average price of C$42.33. The company has a debt-to-equity ratio of 15.83, a current ratio of 76.83 and a quick ratio of 0.22. The stock has a market capitalization of C$1.99 billion, a PE ratio of 22.48 and a beta of 0.83.

Trisura Group (TSE:TSU) last announced its quarterly earnings data on Thursday, August 1st. The company reported C$0.65 earnings per share for the quarter, missing the consensus estimate of C$0.66 by C($0.01). Trisura Group had a return on equity of 14.65% and a net margin of 2.92%. The business had revenue of C$772.20 million for the quarter. Equities analysts expect that Trisura Group will post 2.6611359 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director David James Clare sold 2,907 shares of Trisura Group stock in a transaction on Friday, August 30th. The shares were sold at an average price of C$41.76, for a total transaction of C$121,396.32. In related news, Director David James Clare sold 2,907 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of C$41.76, for a total transaction of C$121,396.32. Also, Director Robert Edward Taylor bought 3,000 shares of the stock in a transaction on Tuesday, June 4th. The stock was acquired at an average price of C$42.11 per share, with a total value of C$126,330.00. In the last 90 days, insiders sold 48,177 shares of company stock worth $2,016,631. 1.10% of the stock is currently owned by insiders.

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.