Scotiabank Issues Pessimistic Forecast for Trisura Group (TSE:TSU) Stock Price

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

TSU has been the subject of several other research reports. Raymond James decreased their price target on shares of Trisura Group from C$64.00 to C$57.00 in a research note on Tuesday, February 18th. CIBC lowered their target price on 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. Finally, Cormark cut their price target on Trisura Group from C$54.00 to C$47.00 in a research note on Monday, February 10th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Trisura Group presently has a consensus rating of “Moderate Buy” and an average target price of C$53.44.

Trisura Group Price Performance

Trisura Group stock opened at C$33.51 on Thursday. Trisura Group has a 1-year low of C$31.19 and a 1-year high of C$46.75. The company’s 50-day moving average is C$33.73 and its 200 day moving average is C$38.23. The firm has a market capitalization of C$1.60 billion, a P/E ratio of 14.40 and a beta of 0.82.

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.