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

Trisura Group (TSE:TSUFree Report) had its target price lifted by Scotiabank from C$54.00 to C$56.00 in a report issued on Friday, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other equities research analysts have also recently weighed in on the stock. Royal Bank of Canada set a C$40.00 price target on shares of Trisura Group and gave the company an outperform rating in a research report on Wednesday, December 6th. CIBC dropped their price objective on shares of Trisura Group from C$55.00 to C$50.00 and set an outperform rating on the stock in a research note on Thursday, October 26th. Finally, National Bankshares boosted their price target on shares of Trisura Group from C$62.00 to C$64.00 and gave the stock an outperform rating in a research note on Monday, February 5th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of Buy and a consensus target price of C$55.63.

Read Our Latest Stock Report on Trisura Group

Trisura Group Price Performance

Shares of TSU opened at C$39.41 on Friday. Trisura Group has a 1-year low of C$29.05 and a 1-year high of C$39.71. The stock has a market cap of C$1.87 billion, a PE ratio of 262.73 and a beta of 0.80. The company has a debt-to-equity ratio of 14.19, a current ratio of 54.49 and a quick ratio of 0.22. The firm has a fifty day moving average price of C$34.87 and a 200 day moving average price of C$32.97.

Insider Buying and Selling

In other Trisura Group news, Director George Myhal purchased 20,000 shares of Trisura Group stock in a transaction on Friday, January 12th. The shares were bought at an average price of C$33.44 per share, with a total value of C$668,800.00. 1.62% of the stock is owned by insiders.

Trisura Group Company Profile

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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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