ATB Cormark Capital Markets Cuts Trisura Group (TSE:TSU) Price Target to C$51.00

Trisura Group (TSE:TSU) had its target price cut by ATB Cormark Capital Markets from C$55.00 to C$51.00 in a report published on Tuesday,BayStreet.CA reports. They currently have an outperform rating on the stock.

TSU has been the topic of a number of other research reports. Scotiabank downgraded Trisura Group from a “sector outperform” rating to a “sector perform” rating and set a C$52.00 price objective on the stock. in a research report on Tuesday, April 28th. Desjardins set a C$60.00 target price on Trisura Group and gave the company a “buy” rating in a report on Monday, April 27th. 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. Finally, Raymond James Financial lifted their price target on Trisura Group from C$57.00 to C$57.25 and gave the stock an “outperform” rating in a report on Friday, May 8th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Trisura Group currently has a consensus rating of “Moderate Buy” and an average target price of C$56.66.

Trisura Group Stock Down 1.8%

TSU stock opened at C$42.32 on Tuesday. The company has a market cap of C$2.00 billion, a price-to-earnings ratio of 13.65 and a beta of 0.55. The company has a current ratio of 23.58, a quick ratio of 0.22 and a debt-to-equity ratio of 23.38. Trisura Group has a 12 month low of C$36.02 and a 12 month high of C$51.00. The firm has a 50-day moving average of C$43.00 and a two-hundred day moving average of C$43.84.

Trisura Group (TSE:TSU) last released its earnings results on Thursday, May 7th. The company reported C$0.78 earnings per share for the quarter. The business had revenue of C$804.85 million for the quarter. Trisura Group had a net margin of 4.72% and a return on equity of 16.65%. As a group, analysts forecast that Trisura Group will post 3.1349036 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Trisura Group news, Director Eileen Marie Sweeney sold 34,800 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of C$40.84, for a total transaction of C$1,421,232.00. Following the completion of the sale, the director owned 139,710 shares of the company’s stock, valued at C$5,705,756.40. This trade represents a 19.94% decrease in their ownership of the stock. 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.