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

Trisura Group (TSE:TSU) had its target price dropped by equities researchers at Scotia from C$53.00 to C$52.00 in a research note issued to investors on Monday, BayStreet reports. The firm currently has a “sector perform” rating on the stock. Scotia’s target price points to a potential upside of 27.33% from the stock’s previous close.

Several other brokerages have also commented on TSU. RBC Dominion Securities reduced their price objective on Trisura Group from C$60.00 to C$54.00 and set an “outperform” rating on the stock in a research report on Thursday. ATB Cormark Capital Markets reduced their price objective on shares of Trisura Group from C$55.00 to C$51.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 28th. Raymond James Financial reduced 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. Finally, National Bank Financial increased their price target on shares of Trisura Group from C$59.00 to C$60.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Trisura Group presently has an average rating of “Moderate Buy” and a consensus target price of C$55.83.

Trisura Group Trading Down 0.8%

Shares of TSE TSU traded down C$0.33 during midday trading on Monday, hitting C$40.84. The company’s stock had a trading volume of 45,693 shares, compared to its average volume of 97,329. The stock has a fifty day moving average price of C$41.55 and a 200 day moving average price of C$42.65. The firm has a market capitalization of C$1.93 billion, a price-to-earnings ratio of 12.64 and a beta of 0.49. Trisura Group has a one year low of C$36.61 and a one year high of C$51.00.

Trisura Group (TSE:TSU) last posted its earnings results on Thursday, August 6th. The company reported C$0.76 earnings per share for the quarter. Trisura Group had a return on equity of 16.54% and a net margin of 4.80%. The business had revenue of C$198.42 million during the quarter. On average, equities research analysts predict that Trisura Group will post 3.13 earnings per share for the current fiscal year.

Insider Buying and Selling at Trisura Group

In other news, Director Eileen Marie Sweeney sold 13,900 shares of Trisura Group stock in a transaction dated Friday, August 28th. The stock was sold at an average price of C$42.19, for a total transaction of C$586,441.00. Following the transaction, the director directly owned 139,710 shares of the company’s stock, valued at C$5,894,364.90. The trade was a 9.05% decrease in their position. Over the last 90 days, insiders sold 34,800 shares of company stock worth $1,457,139. 1.09% of the stock is owned by insiders.

About Trisura Group

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.