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

Key Points

• Desjardins lowered its price target for Trisura Group from C$60 to C$56 while maintaining a “buy” rating, implying 38.37% potential upside from the stock’s C$40.47 price.
• Analyst sentiment remains favorable overall: six analysts rate the stock a Buy and two rate it a Hold, producing a consensus “Moderate Buy” rating and an average target of C$55.39.
• Trisura shares are near the lower end of their 12-month range of C$36.61–C$51.00; the company reported C$0.76 quarterly EPS and C$198.42 million in revenue, while insiders sold 34,800 shares in the last quarter.

Trisura Group (TSE:TSU - Get Free Report) had its target price decreased by investment analysts at Desjardins from C$60.00 to C$56.00 in a research note issued to investors on Thursday, BayStreet reports. The brokerage presently has a "buy" rating on the stock. Desjardins's price target suggests a potential upside of 38.37% from the stock's current price.

A number of other equities research analysts have also weighed in on the company. RBC Dominion Securities lowered their target price on Trisura Group from C$60.00 to C$54.00 and set an "outperform" rating for the company in a research note on Thursday, October 15th. 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 research note on Tuesday, July 28th. Raymond James Financial dropped their price objective on Trisura Group from C$58.50 to C$57.50 and set an "outperform" rating for the company in a research note on Friday, October 16th. National Bank Financial lifted their target price on shares of 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. Finally, Scotia lowered their price target on shares of Trisura Group from C$53.00 to C$52.00 and set a "sector perform" rating for the company in a report on Monday, October 19th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$55.39.

Trisura Group Stock Performance

Shares of Trisura Group stock traded up C$0.07 during mid-day trading on Thursday, hitting C$40.47. 26,477 shares of the stock were exchanged, compared to its average volume of 96,689. The company has a market capitalization of C$1.91 billion, a P/E ratio of 12.53 and a beta of 0.49. The company has a 50-day simple moving average of C$41.44 and a 200 day simple moving average of C$43.10. Trisura Group has a 12 month low of C$36.61 and a 12 month high of C$51.00.

Trisura Group (TSE:TSU - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$0.76 earnings per share (EPS) for the quarter. The company had revenue of C$198.42 million during the quarter. Trisura Group had a net margin of 4.80% and a return on equity of 16.54%. Analysts predict that Trisura Group will post 3.13 EPS for the current year.

Insider Activity

In related news, Director Eileen Marie Sweeney sold 2,500 shares of the company's stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of C$42.03, for a total transaction of C$105,075.00. Following the sale, the director owned 139,710 shares of the company's stock, valued at C$5,872,011.30. This represents a 1.76% decrease in their ownership of the stock. Insiders sold 34,800 shares of company stock valued at $1,457,139 over the last quarter. 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.

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