The Globe and Mail reports in its Friday, March 28, edition that Scotia Capital analyst Phil Hardie continues to rate Trisura Group "sector outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Hardie gave his share target a $3 haircut to $49. Analysts on average target the shares at $51.89. Mr. Hardie says in a note: "We think the worst is now behind us and the stock is positioned for better returns ahead. ... We see the recent sell-off as a buying opportunity that offers an attractive risk–reward, with 50-per-cent upside potential over the next 12 months and downside limited to just over 10 per cent. Our bull case yields upside potential of over 90 per cent. Coming out of last quarter, we de-risked our outlook and are currently 5 per cent below consensus for 2025 and 2026. We see upper-teens potential upside if the company delivers on what appears to be a relatively conservative forecast and the stock continues to trade at its current P/B multiple. That said, our target price simply assumes that despite several unique characteristics, the stock trades at a discount to conventional P&C insurers with a similar ROE outlook and suggests significant upside potential."