TD Securities Cuts Trisura Group (TSE:TSU) Price Target to C$55.00

Trisura Group (TSE:TSU – Get Rating) had its price objective trimmed by TD Securities from C$61.00 to C$55.00 in a report released on Tuesday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

TSU has been the subject of several other research reports. CIBC cut their price objective on shares of Trisura Group from C$61.00 to C$50.00 and set an outperform rating for the company in a research report on Monday, March 28th. Cormark lowered their target price on Trisura Group from C$64.50 to C$51.00 and set a market perform rating for the company in a research note on Tuesday, April 19th. Finally, Raymond James boosted their target price on Trisura Group from C$51.00 to C$55.00 and gave the stock an outperform rating in a research note on Monday, February 14th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Buy and an average target price of C$54.38.

TSU opened at C$32.85 on Tuesday. Trisura Group has a twelve month low of C$29.12 and a twelve month high of C$49.43. The company has a 50-day simple moving average of C$33.07 and a 200 day simple moving average of C$40.16. The company has a quick ratio of 0.27, a current ratio of 0.84 and a debt-to-equity ratio of 23.60. The stock has a market capitalization of C$1.35 billion and a price-to-earnings ratio of 22.05.

Trisura Group (TSE:TSU – Get Rating) last posted its quarterly earnings data on Thursday, February 10th. The company reported C$0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.36 by C($0.05). The company had revenue of C$106.55 million for the quarter, compared to analyst estimates of C$102.00 million. Sell-side analysts anticipate that Trisura Group will post 2.15 EPS for the current fiscal year.

Trisura Group Company Profile (Get Rating)

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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