Trisura Group (TSE:TSU) Price Target Lowered to C$49.00 at Scotiabank

Trisura Group (TSE:TSU) had its price objective lowered by equities researchers at Scotiabank from C$52.00 to C$49.00 in a report released on Thursday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s price objective would suggest a potential upside of 46.88% from the company’s current price.

TSU has been the subject of several other research reports. Cormark decreased their price target on shares of Trisura Group from C$54.00 to C$47.00 in a report on Monday, February 10th. Raymond James dropped their price objective on Trisura Group from C$64.00 to C$57.00 in a research note on Tuesday, February 18th. Finally, CIBC cut their price target on Trisura Group from C$60.00 to C$50.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$53.44.

Trisura Group Trading Up 1.9 %

TSE:TSU traded up C$0.61 during mid-day trading on Thursday, hitting C$33.36. The company’s stock had a trading volume of 29,613 shares, compared to its average volume of 105,936. The stock has a fifty day moving average of C$33.82 and a 200-day moving average of C$38.31. The company has a market capitalization of C$1.60 billion, a price-to-earnings ratio of 14.34 and a beta of 0.82. Trisura Group has a fifty-two week low of C$31.19 and a fifty-two week high of C$46.75.

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.