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

Shares of Trisura Group Ltd. (TSE:TSU) have earned an average rating of “Moderate Buy” from the seven research firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$56.66.

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

Trisura Group Trading Up 0.6%

TSE TSU opened at C$41.68 on Wednesday. Trisura Group has a 52 week low of C$36.02 and a 52 week high of C$51.00. The stock has a market cap of C$1.97 billion, a price-to-earnings ratio of 13.45 and a beta of 0.42. The company has a 50-day moving average price of C$44.34 and a two-hundred day moving average price of C$42.98.

Trisura Group (TSE:TSU) last posted its earnings results on Thursday, May 7th. The company reported C$0.78 EPS for the quarter. Trisura Group had a net margin of 4.72% and a return on equity of 16.65%. 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.

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.