Trisura Group (TSE:TSU) Stock Price Down 0.3% - Here's Why

Shares of Trisura Group Ltd. (TSE:TSU - Get Free Report) dropped 0.3% during trading on Wednesday . The stock traded as low as C$43.93 and last traded at C$44.09. Approximately 40,322 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 98,270 shares. The stock had previously closed at C$44.24.

Analysts Set New Price Targets

TSU has been the topic of several research reports. BMO Capital Markets lowered their price objective on shares of Trisura Group from C$51.00 to C$50.00 in a research report on Monday, May 5th. Cormark lifted their price objective on shares of Trisura Group from C$47.00 to C$54.00 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 price objective on the stock in a research report on Wednesday, June 18th. Finally, Scotiabank lifted 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 research report on Friday, May 2nd.

Trisura Group Price Performance

The stock has a market cap of C$2.08 billion, a PE ratio of 18.66 and a beta of 0.82. The firm's 50 day moving average price is C$40.47 and its two-hundred day moving average price is C$36.68.

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.