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

Trisura Group (TSE:TSUFree Report) had its price objective raised by Scotiabank from C$54.00 to C$56.00 in a research report report published on Friday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

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

Check Out Our Latest Stock Analysis on Trisura Group

Trisura Group Stock Up 1.1 %

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

Insiders Place Their Bets

In other news, Director George Myhal purchased 20,000 shares of Trisura Group stock in a transaction dated Friday, January 12th. The stock was 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 currently owned by corporate 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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