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

Trisura Group Ltd. (TSE:TSUGet Rating) has been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$58.00.

Several research firms have recently weighed in on TSU. CIBC increased their price objective on Trisura Group from C$55.00 to C$60.00 and gave the company an “outperform” rating in a report on Friday, November 4th. National Bankshares increased their price objective on Trisura Group from C$65.00 to C$68.00 and gave the company an “outperform” rating in a report on Tuesday, November 8th. Scotiabank increased their price objective on Trisura Group from C$49.00 to C$55.00 in a report on Wednesday, October 26th. Raymond James increased their price objective on Trisura Group from C$55.00 to C$56.00 and gave the company an “outperform” rating in a report on Friday, November 4th. Finally, TD Securities increased their price objective on Trisura Group from C$53.00 to C$55.00 and gave the company a “buy” rating in a report on Monday, November 7th.

Trisura Group Stock Performance

Shares of TSU opened at C$42.86 on Friday. The stock has a 50 day moving average price of C$37.30 and a 200 day moving average price of C$35.82. The company has a quick ratio of 0.22, a current ratio of 0.84 and a debt-to-equity ratio of 16.55. The company has a market capitalization of C$1.96 billion and a price-to-earnings ratio of 25.06. Trisura Group has a 52-week low of C$29.12 and a 52-week high of C$49.25.

Trisura Group (TSE:TSUGet Rating) last announced its quarterly earnings results on Thursday, November 3rd. The company reported C$0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.37 by C$0.08. The business had revenue of C$141.16 million during the quarter, compared to analyst estimates of C$137.00 million. Research analysts predict that Trisura Group will post 2.1300001 EPS for the current fiscal year.

About Trisura Group

(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.

Further Reading

Analyst Recommendations for Trisura Group (TSE:TSU)

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