Royal Bank Of Canada Has Lowered Expectations for Trisura Group (TSE:TSU) Stock Price

Trisura Group (TSE:TSU) had its price objective cut by equities research analysts at Royal Bank Of Canada from C$54.00 to C$42.00 in a report released on Monday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada‘s price objective would indicate a potential upside of 42.71% from the stock’s current price.

Several other research analysts have also recently issued reports on the company. ATB Cormark Capital Markets dropped 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. National Bank Financial raised their price objective on Trisura Group from C$59.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Monday, July 27th. Desjardins decreased their target price on Trisura Group from C$60.00 to C$56.00 and set a “buy” rating on the stock in a report on Thursday, October 29th. Scotia cut their target price on Trisura Group from C$53.00 to C$52.00 and set a “sector perform” rating on the stock in a research report on Monday, October 19th. Finally, Raymond James Financial reduced their target price on Trisura Group from C$58.50 to C$57.50 and set an “outperform” rating for the company in a report on Friday, October 16th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Trisura Group has an average rating of “Moderate Buy” and an average target price of C$50.94.

Trisura Group Trading Down 0.5%

Shares of TSE TSU traded down C$0.15 during midday trading on Monday, reaching C$29.43. The company’s stock had a trading volume of 643,681 shares, compared to its average volume of 105,664. The company has a 50 day moving average price of C$41.27 and a 200 day moving average price of C$42.91. Trisura Group has a one year low of C$28.85 and a one year high of C$51.00. The company has a market cap of C$1.39 billion, a price-to-earnings ratio of 9.11 and a beta of 0.52.

Trisura Group (TSE:TSU) last released its earnings results on Thursday, November 5th. The company reported C$0.73 EPS for the quarter. The business had revenue of C$832.50 million during the quarter. Trisura Group had a net margin of 4.80% and a return on equity of 16.54%. Research analysts anticipate that Trisura Group will post 3.13 earnings per share for the current fiscal year.

Insider Buying and Selling at Trisura Group

In other news, Director Eileen Marie Sweeney sold 13,900 shares of Trisura Group stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of C$42.19, for a total value of C$586,441.00. Following the transaction, the director directly owned 139,710 shares of the company’s stock, valued at C$5,894,364.90. This trade represents a 9.05% decrease in their ownership of the stock. Insiders have sold 34,800 shares of company stock valued at $1,457,139 over the last quarter. Company insiders own 1.09% of the company’s stock.

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.