Trisura Group (TSE:TSU) Sets New 12-Month Low – Here’s What Happened

Trisura Group Ltd. (TSE:TSU)’s stock price reached a new 52-week low during 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 changing hands. The stock had previously closed at C$32.65.

Wall Street Analyst Weigh In

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

Trisura Group Stock Down 2.0 %

The company has a market capitalization of C$1.53 billion, a price-to-earnings ratio of 13.75 and a beta of 0.82. The business has a fifty day simple moving average of C$33.62 and a two-hundred day simple moving average of C$37.99.

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.