Trisura Group (TSE:TSU) Price Target Cut to C$54.00 by Analysts at RBC Dominion Securities

Key Points

• RBC Dominion Securities lowered Trisura Group’s price target to C$54.00 from C$60.00 while maintaining an “outperform” rating, implying 30.91% upside from the prior close.
• Analyst sentiment remains positive overall: six analysts rate the stock a Buy and one rates it Hold, resulting in a “Moderate Buy” consensus and an average target of C$56.28.
• Trisura shares rose 1.6% to C$41.25 in Thursday trading. The company reported quarterly EPS of C$0.76 on C$198.42 million in revenue, while insiders have sold 34,800 shares worth about C$1.46 million over the past 90 days.

Trisura Group (TSE:TSU - Get Free Report) had its price objective decreased by stock analysts at RBC Dominion Securities from C$60.00 to C$54.00 in a research report issued to clients and investors on Thursday, BayStreet reports. The brokerage presently has an "outperform" rating on the stock. RBC Dominion Securities' price target suggests a potential upside of 30.91% from the company's previous close.

A number of other equities analysts also recently issued reports on TSU. National Bank Financial increased their price objective on shares of Trisura Group from C$59.00 to C$60.00 and gave the company an "outperform" rating in a research note on Monday, July 27th. ATB Cormark Capital Markets reduced their price objective on shares of Trisura Group from C$55.00 to C$51.00 and set an "outperform" rating for the company in a research note on Tuesday, July 28th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Trisura Group currently has a consensus rating of "Moderate Buy" and an average price target of C$56.28.

Trisura Group Trading Up 1.6%

Shares of TSU traded up C$0.63 during midday trading on Thursday, reaching C$41.25. 98,788 shares of the stock were exchanged, compared to its average volume of 97,575. Trisura Group has a 52 week low of C$36.02 and a 52 week high of C$51.00. The company's 50 day moving average is C$41.57 and its two-hundred day moving average is C$42.67. The company has a market capitalization of C$1.95 billion, a P/E ratio of 12.77 and a beta of 0.49.

Trisura Group (TSE:TSU - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$0.76 EPS for the quarter. The firm had revenue of C$198.42 million for the quarter. Trisura Group had a return on equity of 16.54% and a net margin of 4.80%. On average, sell-side analysts expect that Trisura Group will post 3.13 EPS for the current year.

Insider Activity at Trisura Group

In other Trisura Group news, Director Eileen Marie Sweeney sold 2,500 shares of the stock in a transaction dated 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 completion of the sale, the director directly owned 139,710 shares of the company's stock, valued at approximately C$5,872,011.30. This represents a 1.76% decrease in their ownership of the stock. Insiders have sold 34,800 shares of company stock worth $1,457,139 over the last ninety days. Corporate 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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