Trisura Group (TSE:TSU) Stock Crosses Below 50 Day Moving Average – Time to Sell?

Shares of Trisura Group Ltd. (TSE:TSU) crossed 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 traded.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on TSU shares. CIBC lowered their price objective on Trisura Group from C$60.00 to C$50.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Cormark cut their price target on Trisura Group from C$54.00 to C$47.00 in a report on Monday, February 10th. Finally, Raymond James decreased their price objective on Trisura Group from C$64.00 to C$57.00 in a report on Tuesday, February 18th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Trisura Group has a consensus rating of “Buy” and a consensus target price of C$55.00.

Trisura Group Stock Down 2.2 %

The company has a 50-day moving average of C$35.06 and a 200-day moving average of C$39.11. The company has a market cap of C$1.58 billion, a PE ratio of 14.15 and a beta of 0.82.

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.