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

Key Points

• Royal Bank of Canada cut its Trisura Group price target from C$54 to C$42 but maintained an “outperform” rating; the revised target implies 42.7% upside from the quoted share price of C$29.43.
• Analyst sentiment remains positive overall: six analysts rate the stock Buy and three Hold, giving it a “Moderate Buy” consensus and an average target of C$50.94.
• Trisura reported quarterly earnings of C$0.73 per share and revenue of C$832.5 million; analysts expect full-year EPS of C$3.13.

Trisura Group (TSE:TSU - Get Free Report) had its price objective cut by analysts at Royal Bank Of Canada from C$54.00 to C$42.00 in a report issued on Monday, BayStreet reports. The firm currently has an "outperform" rating on the stock. Royal Bank Of Canada's target price suggests a potential upside of 42.71% from the stock's current price.

TSU has been the topic of a number of other reports. Scotia lowered their price target on Trisura Group from C$53.00 to C$52.00 and set a "sector perform" rating on the stock in a report on Monday, October 19th. Raymond James Financial reduced 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 report on Friday, October 16th. Desjardins lowered their target price on shares of Trisura Group from C$60.00 to C$56.00 and set a "buy" rating on the stock in a research note on Thursday, October 29th. RBC Dominion Securities dropped their price target on shares of Trisura Group from C$60.00 to C$54.00 and set an "outperform" rating on the stock in a research report on Thursday, October 15th. Finally, ATB Cormark Capital Markets dropped their price target on shares of Trisura Group from C$55.00 to C$51.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 28th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$50.94.

Trisura Group Price Performance

Shares of TSE TSU traded down C$0.15 during midday trading on Monday, hitting C$29.43. 643,681 shares of the company's stock were exchanged, compared to its average volume of 105,664. Trisura Group has a twelve month low of C$28.85 and a twelve month high of C$51.00. The firm has a market cap of C$1.39 billion, a P/E ratio of 9.11 and a beta of 0.52. The stock's 50 day moving average price is C$41.27 and its 200-day moving average price is C$42.91.

Trisura Group (TSE:TSU - Get Free Report) last posted its earnings results on Thursday, November 5th. The company reported C$0.73 EPS for the quarter. Trisura Group had a return on equity of 16.54% and a net margin of 4.80%. The firm had revenue of C$832.50 million for the quarter. On average, analysts expect that Trisura Group will post 3.13 EPS for the current fiscal year.

Insider Transactions at Trisura Group

In other news, Director Eileen Marie Sweeney sold 13,900 shares of Trisura Group 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 transaction, the director directly owned 139,710 shares in the company, valued at approximately C$5,894,364.90. This trade represents a 9.05% decrease in their position. Over the last three months, insiders sold 34,800 shares of company stock worth $1,457,139. 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.

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