Trisura Group (TSE:TSU – Get Rating) had its target price lowered by stock analysts at CIBC from C$60.00 to C$55.00 in a note issued to investors on Thursday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. CIBC’s target price suggests a potential upside of 50.52% from the stock’s previous close.
Several other brokerages also recently commented on TSU. Cormark lowered their price target on Trisura Group from C$56.50 to C$51.00 in a report on Thursday. TD Securities lifted their price target 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. Raymond James lifted their price objective on Trisura Group from C$55.00 to C$56.00 and gave the stock an “outperform” rating in a research report on Friday, November 4th. National Bankshares decreased their target price on Trisura Group from C$69.00 to C$62.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Scotiabank cut their price objective on Trisura Group from C$55.00 to C$52.00 in a report on Thursday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Trisura Group currently has an average rating of “Moderate Buy” and an average target price of C$53.71.
Trisura Group Stock Performance
TSE:TSU opened at C$36.54 on Thursday. The company has a current ratio of 0.84, a quick ratio of 0.22 and a debt-to-equity ratio of 16.55. Trisura Group has a twelve month low of C$29.12 and a twelve month high of C$47.90. The firm has a market cap of C$1.67 billion, a price-to-earnings ratio of 21.00 and a beta of 0.80. The company has a 50-day moving average of C$41.56 and a 200-day moving average of C$39.74.
Trisura Group Company Profile
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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