Trisura Group (TSU) Price Target Increased to C$31.00 by Analysts at BMO Capital Markets

Trisura Group (TSE:TSU) had its target price raised by BMO Capital Markets from C$30.00 to C$31.00 in a report published on Monday.

Separately, Cormark set a C$33.00 target price on Trisura Group in a research note on Friday, August 10th.

Shares of TSE TSU opened at C$27.65 on Monday. Trisura Group has a 12-month low of C$23.29 and a 12-month high of C$29.49.

Trisura Group (TSE:TSU) last announced its earnings results on Thursday, August 9th. The company reported C$0.14 earnings per share for the quarter, missing the consensus estimate of C$0.22 by C($0.08). The business had revenue of C$21.69 million for the quarter, compared to analyst estimates of C$23.20 million. Trisura Group had a negative net margin of 0.39% and a negative return on equity of 0.27%.

In other news, Director Michael James George sold 1,700 shares of the firm’s stock in a transaction dated Monday, August 13th. The stock was sold at an average price of C$27.56, for a total transaction of C$46,852.00. Also, Director Ralph Zarboni bought 2,200 shares of the stock in a transaction dated Thursday, June 7th. The shares were acquired at an average price of C$26.18 per share, with a total value of C$57,596.00. Insiders have sold 4,900 shares of company stock valued at $133,503 over the last 90 days.

Trisura Group Company Profile

Trisura Group Ltd., a specialty insurance provider, 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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