Trisura Group Ltd. (TSE:TSU) Receives Consensus Recommendation of “Buy” from Brokerages

Trisura Group Ltd. (TSE:TSUGet Free Report) has received an average rating of “Buy” from the eight analysts that are presently covering the company, Marketbeat reports. Eight equities research analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokerages that have covered the stock in the last year is C$55.63.

A number of research firms recently commented on TSU. CIBC raised their price target on shares of Trisura Group from C$50.00 to C$55.00 and gave the stock an “outperform” rating in a research report on Monday. BMO Capital Markets boosted their price target on Trisura Group from C$49.00 to C$52.00 and gave the company an “outperform” rating in a research note on Monday. Raymond James increased their price target on Trisura Group from C$54.00 to C$64.00 and gave the stock an “outperform” rating in a research report on Monday. Cormark lifted their price objective on Trisura Group from C$51.00 to C$52.00 and gave the company a “buy” rating in a report on Monday. Finally, Royal Bank of Canada increased their target price on Trisura Group from C$40.00 to C$44.00 and gave the stock an “outperform” rating in a report on Monday.

Read Our Latest Research Report on TSU

Trisura Group Stock Up 1.1 %

Shares of TSU opened at C$39.41 on Tuesday. The firm’s 50-day simple moving average is C$34.87 and its 200 day simple moving average is C$32.97. The company has a debt-to-equity ratio of 14.19, a quick ratio of 0.22 and a current ratio of 54.49. The firm has a market cap of C$1.87 billion, a P/E ratio of 262.73 and a beta of 0.80. Trisura Group has a 52 week low of C$29.05 and a 52 week high of C$39.71.

Insider Activity

In related news, Director George Myhal bought 20,000 shares of the business’s stock in a transaction on Friday, January 12th. The shares were purchased at an average cost of C$33.44 per share, with a total value of C$668,800.00. Insiders own 1.62% of the company’s stock.

About Trisura Group

(Get Free Report

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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