The Globe and Mail reports in its Tuesday, May 7, edition that National Bank Financial analyst Jaeme Gloyn has reaffirmed his "outperform" recommendation for Trisura Group. The Globe's David Leeder writes in the Eye On Equities column that Mr. Gloyn boosted his share target to a Street-high $67 from $65. Analysts on average target the shares at $56.88.
Mr. Gloyn says in a note: "The [post-earnings conference call] tone was positive -- management remains confident in their expectations for growth and profitability. This messaging combined with strong Q1 results, run-off costs firmly in the rear-view mirror and an upgraded AM Best Outlook put Trisura on a path for a strong recovery year in 2024." The Globe reported on March 24 that Desjardins Securities analyst Doug Young commenced coverage of Trisura Group with a "buy" recommendation. The shares could then be had for $42.55. The Globe reported on April 26 that Scotia Capital analyst Phil Hardie had reaffirmed his "sector outperform" call for Trisura Group. It was then worth $42.65. The Globe reported on May 1 that Mr. Gloyn had reaffirmed his "outperform" ranking and $65 share target for Trisura Group. The shares could then be had for $42.05.
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