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

Trisura Group (TSE:TSU) had its price target hoisted by analysts at Scotiabank from C$49.00 to C$50.00 in a report issued on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price target indicates a potential upside of 33.94% from the stock’s previous close.

TSU has been the subject of several other reports. CIBC reduced their target price on Trisura Group from C$60.00 to C$50.00 and set an “outperform” rating for the company in a report on Thursday, January 30th. Cormark reduced their price objective on shares of Trisura Group from C$54.00 to C$47.00 in a research note on Monday, February 10th. Finally, Raymond James dropped their target price on shares of Trisura Group from C$64.00 to C$57.00 in a research report on Tuesday, February 18th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$53.56.

Trisura Group Stock Performance

TSE TSU opened at C$37.33 on Friday. Trisura Group has a 1 year low of C$30.77 and a 1 year high of C$46.75. The business’s fifty day moving average is C$33.93 and its two-hundred day moving average is C$36.82. The stock has a market capitalization of C$1.79 billion, a P/E ratio of 16.05 and a beta of 0.82.

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.