Trisura Group (TSE:TSU) Stock Passes Below Fifty Day Moving Average – Should You Sell?

Shares of Trisura Group Ltd. (TSE:TSU) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$43.81 and traded as low as C$41.04. Trisura Group shares last traded at C$41.56, with a volume of 84,791 shares changing hands.

Analyst Ratings Changes

Several analysts have recently commented on the stock. ATB Cormark Capital Markets lifted their price target on shares of Trisura Group from C$46.75 to C$52.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Raymond James Financial upped their price target on Trisura Group from C$57.00 to C$57.25 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Canadian Imperial Bank of Commerce set a C$59.00 price target on Trisura Group and gave the stock an “outperform” rating in a research note on Friday, February 27th. Desjardins set a C$60.00 price target on Trisura Group and gave the stock a “buy” rating in a research note on Monday, April 27th. Finally, Scotiabank cut Trisura Group from a “sector outperform” rating to a “sector perform” rating and set a C$52.00 price target on the stock. in a research note on Tuesday, April 28th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$56.66.

Trisura Group Price Performance

The business has a 50 day simple moving average of C$43.81 and a 200 day simple moving average of C$43.10. The company has a market capitalization of C$1.96 billion, a price-to-earnings ratio of 13.41 and a beta of 0.42.

Trisura Group (TSE:TSU) last released its quarterly earnings results on Thursday, May 7th. The company reported C$0.78 EPS for the quarter. Trisura Group had a return on equity of 16.65% and a net margin of 4.72%.The company had revenue of C$804.85 million for the quarter. On average, equities research analysts predict that Trisura Group Ltd. will post 3.1349036 EPS for the current year.

About Trisura Group

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. The Trisura Guarantee segment generates maximum revenue, which offers Surety, Risk Solutions and Corporate Insurance products underwritten in Canada as well as the operations of Trisura Warranty.