TD Securities Increases Trisura Group (TSE:TSU) Price Target to C$40.00

Trisura Group (TSE:TSU) had its price objective hoisted by stock analysts at TD Securities from C$37.00 to C$40.00 in a research report issued on Friday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price would suggest a potential upside of 15.94% from the company’s current price.

A number of other equities research analysts have also issued reports on TSU. BMO Capital Markets increased their target price on shares of Trisura Group from C$32.00 to C$34.00 in a report on Wednesday, September 25th. Raymond James reaffirmed an “outperform” rating and issued a C$40.00 target price on shares of Trisura Group in a research report on Thursday, October 10th.

TSE TSU traded up C$2.34 on Friday, reaching C$34.50. 34,603 shares of the company’s stock traded hands, compared to its average volume of 7,243. The firm has a market cap of $280.83 million and a price-to-earnings ratio of 57.24. The stock has a 50 day moving average price of C$30.62 and a 200-day moving average price of C$29.66. Trisura Group has a fifty-two week low of C$24.58 and a fifty-two week high of C$35.02. The company has a debt-to-equity ratio of 28.98, a quick ratio of 0.32 and a current ratio of 0.67.

Trisura Group (TSE:TSU) last announced its quarterly earnings data on Thursday, August 8th. The company reported C($0.63) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.09) by C($0.54). The company had revenue of C$27.73 million for the quarter, compared to the consensus estimate of C$30.20 million. As a group, equities research analysts anticipate that Trisura Group will post 1.9500001 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 and the United States. 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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