Trisura Group Ltd Receives “Buy” Recommendation from Analysts

Trisura Group Ltd. (TSX:TSU) has received a “Buy” recommendation from six different analyst firms, according to reports from MarketBeat Ratings. The average 1-year price target for the company is C$54.29.

Various research analysts have recently published reports on Trisura Group stock. Raymond James increased their target price to C$54.00 in a report released on August 11th. On August 22nd, BMO Capital Markets raised their price target to C$50.00 and rated the company as “outperform.” National Bankshares set a price target of C$60.00, while Scotiabank decreased their target price to C$53.00 and rated the stock as “outperform.” Finally, TD Securities set a price target of C$57.00 and rated the company as “buy.”

Trisura Group stock opened at C$32.06 on Friday. The company has a debt-to-equity ratio of 16.15 and a current ratio of 92.73. Its 50-day moving average is C$33.51 and its 200-day moving average is C$33.96. The stock has a market cap of C$1.52 billion, a price-to-earnings ratio of 86.65, and a beta of 0.78. Trisura Group has a 52-week low of C$29.56 and a 52-week high of C$47.90.

Trisura Group Ltd. operates in the surety, risk solutions, corporate insurance, and reinsurance businesses in Canada, the United States, and internationally. The company offers various types of surety bonds, including performance and labor payment bonds for the construction industry, commercial surety bonds for governments and regulatory bodies, and developer surety bonds for real estate projects.

In conclusion, Trisura Group Ltd. has been recommended as a “Buy” by various analysts. The stock has a 1-year price target of C$54.29. Trisura Group operates in the insurance industry and provides surety bonds for various sectors. Investors should consider this information before making any investment decisions.