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

Trisura Group Ltd. (TSE:TSU) has received a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$56.66.

A number of equities research analysts have recently issued reports on the company. Desjardins set a C$60.00 target price on Trisura Group and gave the company a “buy” rating in a research note on Monday, April 27th. Raymond James Financial boosted their price target on Trisura Group from C$57.00 to C$57.25 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Finally, Scotiabank downgraded shares of Trisura Group from a “sector outperform” rating to a “sector perform” rating and set a C$52.00 price objective for the company. in a research report on Tuesday, April 28th.

Trisura Group Stock Performance

TSE:TSU opened at C$44.37 on Thursday. The firm’s fifty day simple moving average is C$42.57 and its 200 day simple moving average is C$43.67. The company has a current ratio of 23.58, a quick ratio of 0.22 and a debt-to-equity ratio of 23.38. Trisura Group has a twelve month low of C$36.02 and a twelve month high of C$51.00. The firm has a market capitalization of C$2.10 billion, a price-to-earnings ratio of 14.31 and a beta of 0.64.

Trisura Group (TSE:TSU) last announced its quarterly earnings results on Thursday, May 7th. The company reported C$0.78 earnings per share (EPS) 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 during the quarter. As a group, equities research analysts expect that Trisura Group will post 3.1349036 earnings per share for the current fiscal year.

Insider Buying and Selling at Trisura Group

In other news, Director Eileen Marie Sweeney sold 34,800 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of C$40.84, for a total value of C$1,421,232.00. Following the completion of the transaction, the director directly 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. Company insiders own 1.09% of the company’s stock.

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.