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Cormark Forecasts Strong Price Appreciation for Trisura Group (TSE:TSU) Stock

Trisura Group logo with Financial Services background

Key Points

  • Cormark has raised its price target for Trisura Group (TSE:TSU) stock from C$54.00 to C$57.00, indicating a potential upside of 33.21% from its previous close.
  • The current consensus rating for Trisura Group is "Buy," with an average target price of C$53.25, as reported by MarketBeat.com.
  • Trisura Group's shares have recently traded at C$42.79, with a 12-month range between C$30.77 and C$46.26, and a market capitalization of C$2.05 billion.
  • Want stock alerts on Trisura Group? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Trisura Group (TSE:TSU - Get Free Report) had its price target raised by equities researchers at Cormark from C$54.00 to C$57.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Cormark's price target would suggest a potential upside of 33.21% from the company's previous close.

Several other analysts have also recently issued reports on TSU. BMO Capital Markets decreased their target price on shares of Trisura Group from C$51.00 to C$50.00 in a research report on Monday, May 5th. Royal Bank Of Canada raised shares of Trisura Group to a "moderate buy" rating and set a C$51.00 target price for the company in a report on Wednesday, June 18th. Finally, Scotiabank upped their price objective on shares of Trisura Group from C$50.00 to C$51.00 in a research report on Wednesday, July 23rd. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of C$53.25.

Check Out Our Latest Report on Trisura Group

Trisura Group Stock Performance

Shares of TSU stock traded up C$0.65 during mid-day trading on Monday, reaching C$42.79. 49,884 shares of the company's stock traded hands, compared to its average volume of 94,403. Trisura Group has a 12 month low of C$30.77 and a 12 month high of C$46.26. The firm has a 50 day moving average price of C$42.57 and a two-hundred day moving average price of C$37.62. The firm has a market capitalization of C$2.05 billion, a PE ratio of 18.39 and a beta of 0.82.

Trisura Group Company Profile

(Get Free Report)

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.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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