Trisura Group (TSE:TSU) Share Price Crosses Below 50-Day Moving Average – Should You Sell?

Trisura Group Ltd. (TSE:TSU)’s share price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$43.81 and traded as low as C$41.04. Trisura Group shares last traded at C$41.56, with a volume of 84,791 shares changing hands.

Analysts Set New Price Targets

A number of research firms recently issued reports on TSU. Canadian Imperial Bank of Commerce set a C$59.00 target price on shares of Trisura Group and gave the company an “outperform” rating in a report on Friday, February 27th. National Bank Financial boosted their target price on shares of Trisura Group from C$57.00 to C$59.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Scotiabank downgraded shares of Trisura Group from a “sector outperform” rating to a “sector perform” rating and set a C$52.00 target price for the company. in a report on Tuesday, April 28th. ATB Cormark Capital Markets boosted their target price on shares of Trisura Group from C$46.75 to C$52.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Finally, Desjardins set a C$60.00 target price on shares of Trisura Group and gave the company a “buy” rating in a report on Monday, April 27th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Trisura Group has a consensus rating of “Moderate Buy” and a consensus target price of C$56.66.

Trisura Group Stock Down 0.1%

The firm’s 50 day simple moving average is C$43.70 and its 200-day simple moving average is C$43.10. The company has a market capitalization of C$1.94 billion, a PE ratio of 13.27 and a beta of 0.42.

Trisura Group (TSE:TSU) last released its quarterly earnings data on Thursday, May 7th. The company reported C$0.78 earnings per share (EPS) for the quarter. Trisura Group had a net margin of 4.72% and a return on equity of 16.65%. The company had revenue of C$804.85 million during the quarter. As a group, sell-side analysts anticipate that Trisura Group Ltd. will post 3.1349036 EPS for the current fiscal year.

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.