Trisura Group (TSE:TSU) Shares Down 0.4% - Here's What Happened

Key Points

• Trisura Group's stock price declined by 0.4% to C$40.17, with trading volume down 46% from its average daily volume.
• Analyst ratings remain positive, with five analysts giving the stock a "Buy" rating and a consensus price target of C$53.25.
• The company operates in specialty insurance and has a market capitalization of C$1.91 billion with a price-to-earnings ratio of 16.07.

Trisura Group Ltd. (TSE:TSU - Get Free Report)'s share price dropped 0.4% during trading on Monday . The company traded as low as C$39.90 and last traded at C$40.17. Approximately 49,148 shares changed hands during mid-day trading, a decline of 46% from the average daily volume of 90,908 shares. The stock had previously closed at C$40.35.

Analyst Ratings Changes

TSU has been the topic of several analyst reports. Cormark lifted their target price on Trisura Group from C$54.00 to C$57.00 in a research report on Monday, August 11th. Desjardins lifted their target price on Trisura Group from C$51.00 to C$54.00 and gave the company a "buy" rating in a research report on Monday, August 11th. Scotiabank lifted their target price on Trisura Group from C$50.00 to C$51.00 in a research report on Wednesday, July 23rd. Finally, Royal Bank Of Canada lifted their target price on Trisura Group from C$51.00 to C$55.00 and gave the company an "outperform" rating in a research report on Monday, August 11th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, Trisura Group presently has a consensus rating of "Buy" and an average price target of C$53.43.

Trisura Group Price Performance

The stock has a market capitalization of C$1.93 billion, a P/E ratio of 16.18 and a beta of 0.39. The company has a 50 day simple moving average of C$41.59 and a 200-day simple moving average of C$38.91.

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.