Atb Cormark Cm Forecasts Strong Price Appreciation for Trisura Group (TSE:TSU) Stock

Trisura Group (TSE:TSU) had its target price increased by Atb Cormark Cm from C$46.75 to C$52.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Atb Cormark Cm’s price objective suggests a potential upside of 4.92% from the stock’s previous close.

Several other analysts have also recently weighed in on TSU. Royal Bank Of Canada raised their price target on Trisura Group from C$55.00 to C$57.00 in a report on Monday, November 10th. National Bank Financial lifted their price objective on shares of Trisura Group from C$57.00 to C$59.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Finally, Desjardins set a C$56.00 price target on Trisura Group and gave the stock a “buy” rating in a research note on Thursday, December 18th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$54.88.

Trisura Group Stock Performance

TSE TSU traded up C$5.08 on Friday, hitting C$49.56. The stock had a trading volume of 273,688 shares, compared to its average volume of 82,697. The firm has a 50-day moving average of C$43.06 and a 200-day moving average of C$40.88. The company has a market capitalization of C$2.36 billion, a price-to-earnings ratio of 19.36 and a beta of 0.32. Trisura Group has a 52-week low of C$30.77 and a 52-week high of C$51.00.

Trisura Group (TSE:TSU) last released its quarterly earnings results on Thursday, November 6th. The company reported C$0.71 earnings per share for the quarter. The firm had revenue of C$799.34 million for the quarter. Trisura Group had a net margin of 3.76% and a return on equity of 16.30%. As a group, research analysts anticipate 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.