The Globe and Mail reports in its Thursday, June 19, edition that RBC Dominion Securities analyst Bart Dziarski rates Trisura Group "outperform" in new coverage. The Globe's David Leeder writes in the Eye On Equities column that Mr. Dziarski set a share target of $51. Analysts on average target the shares at $52.86. Mr. Dziarski says in a note: "We rate Trisura 'outperform' given the current valuation does not reflect the company s multi-year favourable growth and profitability outlook. We believe Trisura is still in the penalty box from its 2022 write-down (and associated 2024 reserve build) in its U.S. programs despite continued solid BVPS [book value per share] growth and high-teens ROE generation since then. In our view the company's ability to deliver consistent results without another meaningful writedown in its U.S. programs business will drive a valuation rerate over time." The Globe reported on Jan. 30 that TD Cowen analyst Mario Mendonca rated Trisura Group "buy." It was then worth $34. The Globe reported on March 28 and May 2 that Scotia Capital analyst Phil Hardie had reaffirmed his "sector outperform" recommendation for Trisura Group. The shares could then be had for $33.40 and $37.84.
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