Trisura Group (TSE:TSU) Hits New 1-Year Low – Here’s Why

Trisura Group Ltd. (TSE:TSU)’s stock price hit a new 52-week low on Monday . The company traded as low as C$31.90 and last traded at C$31.87, with a volume of 39831 shares trading hands. The stock had previously closed at C$32.93.

Analyst Upgrades and Downgrades

TSU has been the subject of several recent analyst reports. CIBC dropped their price objective 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 target price on shares of 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 shares of Trisura Group from C$64.00 to C$57.00 in a report on Tuesday, February 18th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Trisura Group currently has an average rating of “Buy” and a consensus target price of C$55.00.

Trisura Group Price Performance

The stock’s 50 day simple moving average is C$35.06 and its two-hundred day simple moving average is C$39.09. The company has a market capitalization of C$1.52 billion, a P/E ratio of 13.64 and a beta of 0.82.

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.