Scotia Issues Pessimistic Forecast for Trisura Group (TSE:TSU) Stock Price

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 report issued on Monday, BayStreet reports. The brokerage presently has a “sector perform” rating on the stock. Scotia’s target price would suggest a potential upside of 27.33% from the stock’s current price.

Several other research firms also recently weighed in on TSU. RBC Dominion Securities decreased their price target on shares of Trisura Group from C$60.00 to C$54.00 and set an “outperform” rating for the company in a research note on Thursday. ATB Cormark Capital Markets cut their price target on Trisura Group from C$55.00 to C$51.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 28th. National Bank Financial lifted their price objective on Trisura Group from C$59.00 to C$60.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Finally, Raymond James Financial lowered their price objective on shares of Trisura Group from C$58.50 to C$57.50 and set an “outperform” rating for the company in a research note on Friday. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Trisura Group has an average rating of “Moderate Buy” and a consensus price target of C$55.83.

Trisura Group Stock Performance

Shares of TSE TSU traded down C$0.33 during midday trading on Monday, reaching C$40.84. The stock had a trading volume of 45,693 shares, compared to its average volume of 97,329. The stock has a 50-day moving average of C$41.55 and a 200-day moving average of C$42.65. Trisura Group has a 12-month low of C$36.61 and a 12-month high of C$51.00. The company 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 (TSE:TSU) last released its quarterly earnings data on Thursday, August 6th. The company reported C$0.76 EPS for the quarter. Trisura Group had a net margin of 4.80% and a return on equity of 16.54%. The business had revenue of C$198.42 million during the quarter. As a group, analysts forecast that Trisura Group will post 3.13 EPS for the current fiscal year.

Insider Buying and Selling

In other Trisura Group news, Director Eileen Marie Sweeney sold 13,900 shares of the company’s stock in a transaction on 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 completion of the sale, the director directly owned 139,710 shares in the company, valued at C$5,894,364.90. This represents a 9.05% decrease in their ownership of the stock. Insiders have sold 34,800 shares of company stock worth $1,457,139 in the last three months. 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.