Trisura Group (TSE:TSU) Given New C$62.00 Price Target at National Bankshares

Trisura Group (TSE:TSU) had its target price boosted by National Bankshares from C$60.00 to C$62.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

A number of other brokerages have also weighed in on TSU. Raymond James raised their price objective on Trisura Group from C$53.00 to C$54.00 in a research report on Friday, August 11th. TD Securities set a C$57.00 price objective on Trisura Group and gave the stock a buy rating in a report on Tuesday, August 22nd. BMO Capital Markets increased their target price on Trisura Group from C$49.00 to C$50.00 and gave the company an outperform rating in a research report on Tuesday, August 22nd. CIBC reduced their price target on shares of Trisura Group from C$55.00 to C$50.00 and set an outperform rating on the stock in a research report on Thursday, October 26th. Finally, Scotiabank lowered their price objective on shares of Trisura Group from C$55.00 to C$49.00 and set an outperform rating for the company in a research report on Wednesday, October 25th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of Buy and an average price target of C$53.29.

Trisura Group Trading Up 0.3 %

TSU stock opened at C$33.36 on Tuesday. The company has a debt-to-equity ratio of 16.15, a current ratio of 92.73 and a quick ratio of 0.22. Trisura Group has a 1-year low of C$29.05 and a 1-year high of C$47.90. The business has a 50 day simple moving average of C$31.19 and a two-hundred day simple moving average of C$33.50. The company has a market capitalization of C$1.58 billion, a price-to-earnings ratio of 87.79 and a beta of 0.78.

Trisura Group (TSE:TSU) last issued its earnings results on Thursday, August 10th. The company reported C$0.56 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.50 by C$0.06. The firm had revenue of C$664.42 million during the quarter. Trisura Group had a net margin of 2.15% and a return on equity of 4.77%. Research analysts anticipate that Trisura Group will post 2.625974 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 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.