Trisura Group (TSE:TSU) Reaches New 1-Year Low – What’s Next?

Trisura Group Ltd. (TSE:TSU) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$30.89 and last traded at C$30.89, with a volume of 10442 shares traded. The stock had previously closed at C$32.65.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TSU. Raymond James decreased their price objective on shares of Trisura Group from C$64.00 to C$57.00 in a research note on Tuesday, February 18th. Cormark lowered their price target on Trisura Group from C$54.00 to C$47.00 in a report on Monday, February 10th. Scotiabank reduced their price objective on Trisura Group from C$52.00 to C$49.00 and set a “sector perform” rating on the stock in a research note on Thursday, March 27th. Finally, CIBC decreased their target price on Trisura Group from C$60.00 to C$50.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$53.44.

Trisura Group Price Performance

The firm has a 50-day simple moving average of C$33.44 and a 200 day simple moving average of C$37.79. The stock has a market capitalization of C$1.63 billion, a P/E ratio of 14.60 and a beta of 0.82.

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.