Trisura Group Ltd. (TSE:TSU) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Trisura Group Ltd. (TSE:TSU) have earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$56.66.

Several research analysts recently weighed in on TSU shares. Scotiabank cut Trisura Group from a “sector outperform” rating to a “sector perform” rating and set a C$52.00 price target for the company. in a research report on Tuesday, April 28th. Raymond James Financial lifted their price target on Trisura Group from C$57.00 to C$57.25 and gave the company an “outperform” rating in a research report on Friday, May 8th. Canadian Imperial Bank of Commerce set a C$59.00 price target on Trisura Group and gave the company an “outperform” rating in a research report on Friday, February 27th. ATB Cormark Capital Markets boosted their price objective on Trisura Group from C$46.75 to C$52.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Finally, Desjardins set a C$60.00 price objective on Trisura Group and gave the company a “buy” rating in a research report on Monday, April 27th.

Trisura Group Trading Up 2.1%

Shares of TSU stock opened at C$42.30 on Friday. The stock has a 50 day moving average of C$43.13 and a 200 day moving average of C$43.27. The stock has a market cap of C$2.00 billion, a P/E ratio of 13.65 and a beta of 0.64. Trisura Group has a twelve month low of C$36.02 and a twelve month high of C$51.00.

Trisura Group (TSE:TSU) last announced its quarterly earnings results on Thursday, May 7th. The company reported C$0.78 earnings per share for the quarter. The company had revenue of C$804.85 million during the quarter. Trisura Group had a return on equity of 16.65% and a net margin of 4.72%. On average, research analysts predict that Trisura Group will post 3.1349036 earnings per share for the current fiscal year.

Insider Activity at Trisura Group

In other news, Director Eileen Marie Sweeney sold 34,800 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of C$40.84, for a total value of C$1,421,232.00. Following the completion of the sale, the director directly owned 139,710 shares in the company, valued at C$5,705,756.40. The trade was a 19.94% decrease in their ownership of the stock. 1.09% of the stock is owned by company insiders.

Trisura Group Company Profile

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.