ATB Cormark Capital Markets Has Lowered Expectations for Trisura Group (TSE:TSU) Stock Price

Trisura Group (TSE:TSU) had its target price dropped by stock analysts at ATB Cormark Capital Markets from C$55.00 to C$51.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price target would indicate a potential upside of 15.44% from the stock’s current price.

Other analysts also recently issued reports about the company. Scotiabank downgraded Trisura Group from a “sector outperform” rating to a “sector perform” rating and set a C$52.00 price objective for the company. in a report on Tuesday, April 28th. Desjardins set a C$60.00 target price on shares of Trisura Group and gave the stock a “buy” rating in a report on Monday, April 27th. National Bank Financial raised their target price 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. Finally, Raymond James Financial boosted their price target on shares of Trisura Group from C$57.00 to C$57.25 and gave the company an “outperform” rating in a report on Friday, May 8th. 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, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$56.66.

Trisura Group Trading Up 0.6%

TSE:TSU traded up C$0.28 during midday trading on Tuesday, hitting C$44.18. The stock had a trading volume of 40,625 shares, compared to its average volume of 101,510. Trisura Group has a one year low of C$36.02 and a one year high of C$51.00. The company has a market capitalization of C$2.09 billion, a price-to-earnings ratio of 14.25 and a beta of 0.55. The stock has a 50-day moving average of C$42.88 and a 200 day moving average of C$43.88. The company has a quick ratio of 0.22, a current ratio of 23.58 and a debt-to-equity ratio of 23.38.

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

Insider Buying and Selling

In other Trisura Group news, Director Eileen Marie Sweeney sold 34,800 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of C$40.84, for a total value of C$1,421,232.00. Following the completion of the sale, the director directly owned 139,710 shares in the company, valued at C$5,705,756.40. This trade represents a 19.94% decrease in their ownership of the stock. 1.09% of the stock is owned by insiders.

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.