Trisura Group (TSE:TSU) Price Target Raised to C$100.00

Trisura Group (TSE:TSU) had its price objective increased by TD Securities from C$59.00 to C$100.00 in a research note issued to investors on Friday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other analysts have also issued reports on the company. BMO Capital Markets lifted their price target on Trisura Group from C$54.00 to C$62.00 in a research note on Monday, May 18th. Eight Capital reaffirmed a buy rating and set a C$77.00 target price on shares of Trisura Group in a research note on Thursday, June 25th. National Bank Financial reissued an outperform rating and issued a C$85.00 price target on shares of Trisura Group in a research note on Friday, July 24th. Raymond James reaffirmed an outperform rating and set a C$57.00 price objective on shares of Trisura Group in a research note on Tuesday, May 26th. Finally, Cormark boosted their target price on Trisura Group from C$60.00 to C$90.00 in a report on Thursday, July 23rd.

Trisura Group stock traded down C$2.09 during trading on Friday, reaching C$79.73. The company had a trading volume of 22,603 shares, compared to its average volume of 23,036. The company has a debt-to-equity ratio of 22.99, a quick ratio of 0.32 and a current ratio of 0.76. The firm’s 50-day simple moving average is C$64.22 and its 200 day simple moving average is C$49.64. The firm has a market capitalization of $818.75 million and a PE ratio of 57.03. Trisura Group has a 1-year low of C$26.52 and a 1-year high of C$83.32.

Trisura Group (TSE:TSU) last released its earnings results on Wednesday, May 6th. The company reported C$0.94 EPS for the quarter, topping analysts’ consensus estimates of C$0.53 by C$0.41. The company had revenue of C$38.11 million for the quarter, compared to analysts’ expectations of C$35.30 million.

About Trisura Group

Trisura Group Ltd., a specialty insurance company, operates in the surety, risk solutions, corporate insurance, and reinsurance businesses in Canada and the United States. The company offers contract surety bonds, such as performance, and labor and material payment bonds primarily for the construction industry; commercial surety bonds, including license and permit, tax and excise, and fiduciary bonds to governments, regulatory bodies, or courts to guarantee compliance with legal or fiduciary obligations; and developer surety bonds comprising bonds to secure real estate developers' legislated deposit and warranty obligations on residential projects.

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