Raymond James Cuts Trisura Group (TSE:TSU) Price Target to C$57.00

Trisura Group (TSE:TSU) had its price objective lowered by analysts at Raymond James from C$64.00 to C$57.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. Raymond James’ target price points to a potential upside of 59.31% from the company’s previous close.

Several other equities analysts have also weighed in on TSU. Cormark reduced their price objective on Trisura Group from C$54.00 to C$47.00 in a research note on Monday, February 10th. CIBC dropped their target price on Trisura Group from C$60.00 to C$50.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Trisura Group presently has an average rating of “Buy” and a consensus target price of C$55.00.

Trisura Group Stock Down 1.1 %

Shares of TSE TSU traded down C$0.41 during midday trading on Tuesday, hitting C$35.78. The stock had a trading volume of 92,444 shares, compared to its average volume of 107,834. The company has a market capitalization of C$1.71 billion, a price-to-earnings ratio of 15.38 and a beta of 0.82. Trisura Group has a 1-year low of C$31.74 and a 1-year high of C$46.75. The company has a fifty day moving average price of C$36.54 and a 200 day moving average price of C$39.84.

About Trisura Group

Trisura Group Ltd., a specialty insurance company, operates in the surety, risk solutions, corporate insurance, and reinsurance businesses in Canada, the United States, and internationally. The company operates through Trisura Canada and Trisura the United States segments. It also offers risk solutions, fronting, and insurance products, as well as provides business underwriting services.