Trisura Group (TSE:TSU) Shares Up 2.7% - Here's Why

Trisura Group Ltd. (TSE:TSU - Get Free Report)'s share price shot up 2.7% during mid-day trading on Wednesday . The company traded as high as C$42.62 and last traded at C$41.81. 141,242 shares were traded during mid-day trading, an increase of 39% from the average session volume of 101,289 shares. The stock had previously closed at C$40.70.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TSU. Cormark lifted their price target on shares of Trisura Group from C$47.00 to C$54.00 in a research note on Monday, May 5th. Scotiabank raised their price objective on shares of Trisura Group from C$49.00 to C$50.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. BMO Capital Markets cut their price objective on shares of Trisura Group from C$51.00 to C$50.00 in a report on Monday, May 5th. Raymond James Financial cut their price objective on shares of Trisura Group from C$64.00 to C$57.00 in a report on Tuesday, February 18th. Finally, Royal Bank Of Canada set a C$51.00 price objective on shares of Trisura Group and gave the stock an "outperform" rating in a report on Wednesday.

Trisura Group Trading Up 2.7%

The business's fifty day moving average price is C$37.96 and its 200 day moving average price is C$36.36. The firm has a market capitalization of C$2.00 billion, a price-to-earnings ratio of 17.97 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.

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