Thomson Reuters (TSE:TRI) Price Target Raised to C$250.00

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its target price increased by analysts at TD Securities from C$235.00 to C$250.00 in a report issued on Wednesday, BayStreet.CA reports. TD Securities’ target price points to a potential upside of 8.02% from the company’s previous close.

Several other research analysts also recently commented on the stock. National Bank Financial upgraded shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Sunday, September 8th. Scotiabank upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 27th. Finally, National Bankshares boosted their price target on shares of Thomson Reuters from C$219.00 to C$231.00 and gave the stock a “sector perform” rating in a report on Friday, August 2nd. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$197.50.

Thomson Reuters Stock Down 2.3 %

Shares of TRI stock traded down C$5.43 during trading hours on Wednesday, hitting C$231.44. 190,350 shares of the company were exchanged, compared to its average volume of 312,298. The company has a market capitalization of C$104.08 billion, a PE ratio of 32.63, a PEG ratio of 3.64 and a beta of 0.40. The business has a 50 day moving average of C$230.45 and a two-hundred day moving average of C$227.30. The company has a current ratio of 0.88, a quick ratio of 0.52 and a debt-to-equity ratio of 29.05. Thomson Reuters has a 52 week low of C$176.41 and a 52 week high of C$242.92.

Insider Activity at Thomson Reuters

In other news, Senior Officer Kirsty Roth sold 5,310 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of C$234.93, for a total transaction of C$1,247,459.18. In other Thomson Reuters news, Senior Officer Mary Alice Vuicic sold 6,062 shares of Thomson Reuters stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of C$235.62, for a total transaction of C$1,428,328.44. Also, Senior Officer Kirsty Roth sold 5,310 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of C$234.93, for a total value of C$1,247,459.18. Insiders sold 11,711 shares of company stock worth $2,755,571 in the last three months. 69.76% of the stock is owned by company insiders.

Thomson Reuters Company Profile

Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.