Trisura Group (TSE:TSU – Get Free Report) was downgraded by equities research analysts at Desjardins from a “buy” rating to a “hold” rating in a research report issued on Tuesday, BayStreet reports. They presently have a C$36.00 price objective on the stock, down from their previous price objective of C$56.00. Desjardins‘s price objective indicates a potential upside of 16.81% from the stock’s current price.
A number of other research firms have also issued reports on TSU. TD Securities lowered Trisura Group from a “strong-buy” rating to a “hold” rating in a research note on Monday. Scotia cut their target price on Trisura Group from C$53.00 to C$52.00 and set a “sector perform” rating for the company in a research note on Monday, October 19th. ATB Cormark Capital Markets reduced 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. National Bank Financial cut Trisura Group from an “outperform” rating to a “hold” rating and decreased their price target for the company from C$60.00 to C$35.00 in a research report on Monday. Finally, Royal Bank Of Canada lowered their price target on shares of Trisura Group from C$54.00 to C$42.00 and set an “outperform” rating on the stock in a report on Monday. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Trisura Group currently has an average rating of “Moderate Buy” and an average price target of C$48.72.
Get Our Latest Analysis on Trisura Group
Trisura Group Stock Performance
Trisura Group stock traded up C$1.36 during mid-day trading on Tuesday, reaching C$30.82. The company’s stock had a trading volume of 203,239 shares, compared to its average volume of 106,925. Trisura Group has a 12-month low of C$28.85 and a 12-month high of C$51.00. The company has a market capitalization of C$1.46 billion, a P/E ratio of 9.54 and a beta of 0.52. The firm’s fifty day moving average price is C$41.02 and its two-hundred day moving average price is C$42.84.
Trisura Group (TSE:TSU – Get Free Report) last posted its earnings results on Thursday, November 5th. The company reported C$0.73 earnings per share (EPS) for the quarter. Trisura Group had a return on equity of 16.54% and a net margin of 4.80%. The firm had revenue of C$832.50 million for the quarter. On average, research analysts predict that Trisura Group will post 3.13 EPS for the current fiscal year.
Insider Activity at Trisura Group
In other news, Director Eileen Marie Sweeney sold 13,900 shares of the business’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of C$42.19, for a total transaction of C$586,441.00. Following the completion of the transaction, the director directly owned 139,710 shares in the company, valued at C$5,894,364.90. The trade was a 9.05% decrease in their position. In the last ninety days, insiders have 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.
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