Trisura Group (TSE:TSU) Stock Crosses Below 50-Day Moving Average - Here's What Happened

Trisura Group Ltd. (TSE:TSU - Get Free Report)'s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$35.25 and traded as low as C$33.34. Trisura Group shares last traded at C$33.66, with a volume of 108,700 shares trading hands.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TSU shares. Raymond James reduced their price objective on Trisura Group from C$64.00 to C$57.00 in a research report on Tuesday, February 18th. Cormark reduced their price target on Trisura Group from C$54.00 to C$47.00 in a research report on Monday, February 10th. Finally, CIBC lowered their price target 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, Trisura Group has a consensus rating of "Buy" and an average target price of C$55.00.

Trisura Group Stock Down 3.6 %

The firm's 50-day simple moving average is C$35.06 and its 200 day simple moving average is C$39.09. The stock has a market capitalization of C$1.52 billion, a P/E ratio of 13.64 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.