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

Trisura Group (TSE:TSU) had its price target dropped by equities researchers at Scotiabank from C$52.00 to C$49.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s target price would indicate a potential upside of 46.23% from the stock’s previous close.

A number of other brokerages have also issued reports on TSU. 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. Cormark dropped their price target on Trisura Group from C$54.00 to C$47.00 in a research note on Monday, February 10th. Finally, Raymond James reduced their price objective on shares of Trisura Group from C$64.00 to C$57.00 in a research report on Tuesday, February 18th. One investment 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 stock has an average rating of “Moderate Buy” and a consensus price target of C$53.44.

Trisura Group Price Performance

Shares of TSE:TSU opened at C$33.51 on Thursday. The company has a market capitalization of C$1.60 billion, a P/E ratio of 14.40 and a beta of 0.82. Trisura Group has a 1-year low of C$31.19 and a 1-year high of C$46.75. The firm’s 50 day simple moving average is C$33.73 and its two-hundred day simple moving average is C$38.23.

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.