Trisura Group (TSE:TSU) Given New C$50.00 Price Target at CIBC

Trisura Group (TSE:TSU) had its target price lowered by CIBC from C$60.00 to C$50.00 in a research report released on Thursday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Trisura Group Price Performance

Shares of TSU opened at C$34.00 on Thursday. The business’s 50-day moving average is C$38.14 and its 200-day moving average is C$40.73. The company has a debt-to-equity ratio of 15.83, a current ratio of 76.83 and a quick ratio of 0.22. The company has a market capitalization of C$1.62 billion, a price-to-earnings ratio of 18.28 and a beta of 0.82. Trisura Group has a fifty-two week low of C$33.40 and a fifty-two week high of C$46.75.

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