TD Securities Believes Trisura Group Ltd (TSX: TSU) Still Has Room to Grow

By Austin Angelo

Shares of Trisura Group Ltd (TSUResearch Report) were revisited by a Wall Street analyst today. Analyst Richard Roth from TD Securities reiterated a Buy rating, with a C$40.00 price target.

Trisura Group Ltd has an analyst consensus of Moderate Buy, with a price target consensus of C$37.33.

Based on Trisura Group Ltd’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of C$4.14 million. In comparison, last year the company had a net profit of C$4.16 million.

Trisura Group Ltd. is a holding company, which engages in the provision of specialty insurance. It offers surety, risk solutions, corporate insurance and reinsurance. The company was founded on January 27, 2017 and is headquartered in Toronto, Canada.

The company’s shares closed last Friday at C$34.50, close to its 52-week high of C$35.03.