Trisura Group (TSE:TSU) Receives Outperform Rating from Raymond James

Trisura Group (TSE:TSU)‘s stock had its “outperform” rating restated by research analysts at Raymond James in a research report issued to clients and investors on Thursday, BayStreet.CA reports. They presently have a C$40.00 target price on the stock. Raymond James’ target price suggests a potential upside of 30.00% from the stock’s previous close.

Separately, BMO Capital Markets boosted their price objective on shares of Trisura Group from C$32.00 to C$34.00 in a research note on Wednesday, September 25th.

TSE TSU opened at C$30.77 on Thursday. The company has a quick ratio of 0.32, a current ratio of 0.67 and a debt-to-equity ratio of 28.98. The firm has a market cap of $262.40 million and a PE ratio of 50.61. The company has a 50 day moving average price of C$28.96 and a 200 day moving average price of C$29.37. Trisura Group has a 52 week low of C$24.58 and a 52 week high of C$30.77.

Trisura Group (TSE:TSU) last posted its quarterly earnings data on Thursday, August 8th. The company reported C($0.63) EPS for the quarter, missing the consensus estimate of C($0.09) by C($0.54). The company had revenue of C$27.73 million for the quarter, compared to analysts’ expectations of C$30.20 million. On average, equities research analysts anticipate that Trisura Group will post 1.92 earnings per share for the current fiscal year.

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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