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

Trisura Group (TSE:TSU) had its price objective cut by Scotia from C$53.00 to C$52.00 in a research note issued to investors on Monday morning,BayStreet reports. They currently have a sector perform rating on the stock.

Several other analysts have also recently issued reports on TSU. ATB Cormark Capital Markets dropped their target price on Trisura Group from C$55.00 to C$51.00 and set an “outperform” rating for the company in a report on Tuesday, July 28th. RBC Dominion Securities cut their target price on Trisura Group from C$60.00 to C$54.00 and set an “outperform” rating for the company in a research note on Thursday, October 15th. 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 report on Friday, October 16th. Finally, National Bank Financial boosted 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 research report on Monday, July 27th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$55.83.

Trisura Group Price Performance

TSU stock opened at C$41.71 on Monday. The business has a 50 day simple moving average of C$41.54 and a 200-day simple moving average of C$42.62. The firm has a market capitalization of C$1.97 billion, a PE ratio of 12.91 and a beta of 0.49. Trisura Group has a 1 year low of C$36.61 and a 1 year high of C$51.00.

Trisura Group (TSE:TSU) last announced its quarterly earnings data on Thursday, August 6th. The company reported C$0.76 EPS for the quarter. The firm had revenue of C$198.42 million for the quarter. Trisura Group had a return on equity of 16.54% and a net margin of 4.80%. On average, equities research analysts expect that Trisura Group will post 3.13 EPS for the current year.

Insiders Place Their Bets

In related news, Director Eileen Marie Sweeney sold 13,900 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of C$42.19, for a total value of C$586,441.00. Following the completion of the transaction, the director directly owned 139,710 shares in the company, valued at approximately C$5,894,364.90. This represents a 9.05% decrease in their ownership of the stock. Insiders sold 34,800 shares of company stock valued at $1,457,139 in the last ninety days. Corporate insiders own 1.09% of the company’s stock.

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.