Trisura Group (TSE:TSU) Stock Price Target Cut by Desjardins

Trisura Group (TSE:TSU) had its target price reduced by Desjardins from C$60.00 to C$56.00 in a report issued on Thursday, BayStreet reports. The brokerage currently has a “buy” rating on the stock. Desjardins‘s target price would indicate a potential upside of 38.37% from the stock’s current price.

A number of other brokerages have also weighed in on TSU. RBC Dominion Securities dropped their price objective on shares of Trisura Group from C$60.00 to C$54.00 and set an “outperform” rating on the stock in a report on Thursday, October 15th. National Bank Financial raised their target price on Trisura Group from C$59.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Monday, July 27th. ATB Cormark Capital Markets lowered their price target on Trisura Group from C$55.00 to C$51.00 and set an “outperform” rating for the company in a research report on Tuesday, July 28th. Raymond James Financial dropped their price target on Trisura Group from C$58.50 to C$57.50 and set an “outperform” rating on the stock in a research note on Friday, October 16th. Finally, Scotia cut their price objective on Trisura Group from C$53.00 to C$52.00 and set a “sector perform” rating on the stock in a report on Monday, October 19th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$55.39.

Trisura Group Stock Up 0.2%

Shares of Trisura Group stock traded up C$0.07 during trading on Thursday, reaching C$40.47. The company’s stock had a trading volume of 26,477 shares, compared to its average volume of 96,689. The company has a 50-day simple moving average of C$41.44 and a two-hundred day simple moving average of C$43.10. Trisura Group has a 1-year low of C$36.61 and a 1-year high of C$51.00. The company has a market cap of C$1.91 billion, a price-to-earnings ratio of 12.53 and a beta of 0.49.

Trisura Group (TSE:TSU) last released its earnings results on Thursday, August 6th. The company reported C$0.76 earnings per share for the quarter. Trisura Group had a net margin of 4.80% and a return on equity of 16.54%. The company had revenue of C$198.42 million for the quarter. As a group, analysts anticipate that Trisura Group will post 3.13 earnings per share for the current year.

Insider Activity at Trisura Group

In other news, Director Eileen Marie Sweeney sold 2,500 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of C$42.03, for a total value of C$105,075.00. Following the sale, the director owned 139,710 shares in the company, valued at C$5,872,011.30. This represents a 1.76% decrease in their ownership of the stock. Insiders sold a total of 34,800 shares of company stock valued at $1,457,139 in the last quarter. 1.09% of the stock is owned by corporate insiders.

Trisura Group Company Profile

Trisura Group Ltd is a Canadian based company engages in the provision of specialty insurance. The company’s operations currently include specialty property and casualty insurance (Surety, Risk Solutions, and Corporate Insurance business lines), underwritten predominantly in Canada. The operating business segments are Trisura Guarantee, Trisura Specialty, and Trisura International. The Trisura Guarantee segment generates maximum revenue, which offers Surety, Risk Solutions and Corporate Insurance products underwritten in Canada as well as the operations of Trisura Warranty.