Cormark Lowers Trisura Group (TSE:TSU) Price Target to C$47.00

Trisura Group (TSE:TSU) had its target price decreased by investment analysts at Cormark from C$54.00 to C$47.00 in a research report issued on Monday,BayStreet.CA reports. Cormark’s price objective would indicate a potential upside of 38.68% from the company’s current price.

Separately, CIBC lowered their price target on shares of Trisura Group from C$60.00 to C$50.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$55.78.

Trisura Group Stock Up 0.8 %

Shares of TSU stock traded up C$0.26 during trading hours on Monday, hitting C$33.89. 78,506 shares of the company’s stock traded hands, compared to its average volume of 100,412. Trisura Group has a 12-month low of C$31.74 and a 12-month high of C$46.75. The stock has a market cap of C$1.61 billion, a price-to-earnings ratio of 18.22 and a beta of 0.82. The stock’s fifty day simple moving average is C$37.32 and its two-hundred day simple moving average is C$40.29. The company has a quick ratio of 0.22, a current ratio of 76.83 and a debt-to-equity ratio of 15.83.

Trisura Group (TSE:TSU) last posted its quarterly earnings results on Thursday, November 7th. The company reported C$0.68 earnings per share for the quarter, hitting the consensus estimate of C$0.68. Trisura Group had a return on equity of 14.65% and a net margin of 2.92%. During the same period in the previous year, the company earned $0.67 earnings per share. On average, analysts expect that Trisura Group will post 3.1349036 EPS for the current year.

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.