Trisura Group (TSE:TSU) Price Target Lowered to C$32.00 at BMO Capital Markets

Trisura Group (TSE:TSU) had its price objective cut by research analysts at BMO Capital Markets from C$33.00 to C$32.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. BMO Capital Markets’ target price suggests a potential upside of 8.77% from the stock’s current price.

Trisura Group stock traded up C$0.17 during trading hours on Friday, reaching C$29.42. 6,982 shares of the company were exchanged, compared to its average volume of 5,160. The firm has a market capitalization of $195.35 million and a price-to-earnings ratio of 21.55. The company has a current ratio of 0.65, a quick ratio of 0.33 and a debt-to-equity ratio of 27.92. The firm has a 50-day moving average price of C$29.85. Trisura Group has a 12 month low of C$24.58 and a 12 month high of C$30.68.

Trisura Group (TSE:TSU) last announced its earnings results on Thursday, May 9th. The company reported C$0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.39 by C($0.02). The business had revenue of C$26.44 million during the quarter, compared to analysts’ expectations of C$27.60 million. Equities research analysts forecast that Trisura Group will post 2.0700001 earnings per share for the current fiscal year.

About Trisura Group

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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