Trisura Group (TSE:TSU) Given a C$59.00 Price Target by Canadian Imperial Bank of Commerce Analysts

Trisura Group (TSE:TSU) received a C$59.00 target price from equities research analysts at Canadian Imperial Bank of Commerce in a report released on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Canadian Imperial Bank of Commerce’s price objective indicates a potential upside of 26.45% from the company’s current price.

Several other research analysts have also issued reports on the company. ATB Cormark Capital Markets increased their price objective on Trisura Group from C$46.75 to C$52.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Royal Bank Of Canada upped their target price on shares of Trisura Group from C$55.00 to C$57.00 in a report on Monday, November 10th. Desjardins set a C$56.00 price target on shares of Trisura Group and gave the company a “buy” rating in a report on Thursday, December 18th. Finally, National Bank Financial boosted their price target on shares of Trisura Group from C$57.00 to C$59.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Six research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$55.13.

Trisura Group Stock Up 1.8%

Shares of TSU stock opened at C$46.66 on Friday. Trisura Group has a fifty-two week low of C$30.77 and a fifty-two week high of C$51.00. The stock has a market cap of C$2.22 billion, a price-to-earnings ratio of 15.92 and a beta of 0.32. The firm’s 50 day moving average price is C$44.49 and its two-hundred day moving average price is C$41.24.

About Trisura Group

Trisura Group Ltd is a Canadian based company engages in the provision of specialty insurance. The company’s operations currently include specialty property and casualty insurance (Surety, Risk Solutions, and Corporate Insurance business lines), underwritten predominantly in Canada. The operating business segments are Trisura Guarantee, Trisura Specialty, and Trisura International. The Trisura Guarantee segment generates maximum revenue, which offers Surety, Risk Solutions and Corporate Insurance products underwritten in Canada as well as the operations of Trisura Warranty.