Trisura Group (TSE:TSU) Stock Price Target Lowered at Raymond James Financial

Trisura Group (TSE:TSU) had its target price lowered by Raymond James Financial from C$58.50 to C$57.50 in a research report issued on Friday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial’s price objective suggests a potential upside of 40.86% from the stock’s current price.

Several other research firms have also issued reports on TSU. National Bank Financial raised their price objective on Trisura Group from C$59.00 to C$60.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. RBC Dominion Securities decreased their price target on Trisura Group from C$60.00 to C$54.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, ATB Cormark Capital Markets decreased their price target on Trisura Group from C$55.00 to C$51.00 and set an “outperform” rating on the stock in a report on Tuesday, July 28th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Trisura Group presently has a consensus rating of “Moderate Buy” and an average price target of C$56.31.

Trisura Group Price Performance

Shares of TSE TSU traded down C$0.49 during mid-day trading on Friday, hitting C$40.82. 31,497 shares of the company’s stock traded hands, compared to its average volume of 97,354. The company’s 50-day moving average is C$41.56 and its two-hundred day moving average is C$42.66. The company has a market capitalization of C$1.93 billion, a P/E ratio of 12.64 and a beta of 0.49. Trisura Group has a 1 year low of C$36.02 and a 1 year high of C$51.00.

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

Insider Transactions at Trisura Group

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