Trisura Group Ltd. (TSE:TSU) Given Average Rating of “Moderate Buy” by Analysts

Trisura Group Ltd. (TSE:TSUGet Rating) has earned an average rating of “Moderate Buy” from the nine ratings firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$56.00.

Several brokerages have recently issued reports on TSU. CIBC lifted their price target on Trisura Group from C$50.00 to C$55.00 and gave the company an “outperform” rating in a research report on Friday, August 5th. BMO Capital Markets reiterated a “buy” rating and set a C$54.00 price target (up from C$50.00) on shares of Trisura Group in a research report on Friday, July 15th. TD Securities set a C$55.00 price target on Trisura Group and gave the company a “buy” rating in a research report on Thursday, July 14th. National Bankshares lifted their price target on Trisura Group from C$60.00 to C$62.00 and gave the company an “outperform” rating in a research report on Friday, August 5th. Finally, Cormark lifted their price target on Trisura Group from C$50.00 to C$58.00 and gave the company a “market perform” rating in a research report on Monday, July 18th.

Insider Transactions at Trisura Group

In related news, Director David James Clare sold 55,000 shares of Trisura Group stock in a transaction on Friday, June 24th. The stock was sold at an average price of C$33.41, for a total transaction of C$1,837,786.50. Following the completion of the sale, the director now owns 148,876 shares of the company’s stock, valued at C$4,974,587.33.

Trisura Group Trading Up 1.6 %

Shares of TSE TSU opened at C$35.59 on Friday. The company has a market cap of C$1.63 billion and a price-to-earnings ratio of 22.96. Trisura Group has a 12-month low of C$29.12 and a 12-month high of C$49.25. The company has a current ratio of 0.83, a quick ratio of 0.25 and a debt-to-equity ratio of 32.90. The stock’s 50 day simple moving average is C$36.10 and its 200 day simple moving average is C$34.16.

Trisura Group (TSE:TSUGet Rating) last posted its earnings results on Thursday, August 4th. The company reported C$0.46 EPS for the quarter, beating the consensus estimate of C$0.39 by C$0.07. The business had revenue of C$125.50 million during the quarter, compared to analyst estimates of C$109.00 million. Equities research analysts expect that Trisura Group will post 2.1300001 EPS for the current year.

Trisura Group Company Profile

(Get Rating)

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 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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Analyst Recommendations for Trisura Group (TSE:TSU)

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