Cormark Raises Trisura Group (TSE:TSU) Price Target to C$56.00

Trisura Group (TSE:TSU) had its target price lifted by equities research analysts at Cormark from C$49.25 to C$56.00 in a note issued to investors on Friday, BayStreet.CA reports. Cormark’s target price points to a potential upside of 12.59% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. Raymond James restated an “outperform” rating and set a C$42.00 target price on shares of Trisura Group in a report on Monday, November 11th. TD Securities increased their target price on Trisura Group from C$46.00 to C$56.00 and gave the company a “buy” rating in a report on Friday.

TSU stock traded up C$0.88 during trading on Friday, hitting C$49.74. 29,927 shares of the company traded hands, compared to its average volume of 12,050. The firm has a market capitalization of $405.10 million and a PE ratio of 134.80. Trisura Group has a 1 year low of C$26.52 and a 1 year high of C$50.00. The company has a 50-day moving average of C$42.28 and a 200-day moving average of C$35.12. The company has a debt-to-equity ratio of 19.92, a quick ratio of 0.43 and a current ratio of 0.80.

Trisura Group Company Profile

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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