Insider Buying: Thomson Reuters (TSE:TRI) Director Buys C$19,486.28 in Stock

Key Points

• Director Peter Thomson purchased 134 Thomson Reuters shares at an average price of C$145.42, investing C$19,486.28 and increasing his ownership by 6.79% to 2,108 shares.
• Thomson Reuters shares fell 4.9% to C$132.35, though the company reported C$2.78 billion in quarterly revenue and C$1.41 in earnings per share.
• Analysts maintain a generally positive outlook, with an average “Buy” rating and a C$166.33 price target; TD and National Bank Financial recently issued targets of C$200 and C$180, respectively.

Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI Director Peter Thomson bought 134 shares of the business's stock in a transaction on Tuesday, September 15th. The stock was bought at an average price of C$145.42 per share, with a total value of C$19,486.28. Following the transaction, the director owned 2,108 shares in the company, valued at approximately C$306,545.36. This represents a 6.79% increase in their ownership of the stock.

Thomson Reuters Stock Down 4.9%

Shares of Thomson Reuters stock traded down C$6.86 on Friday, hitting C$132.35. 866,621 shares of the company traded hands, compared to its average volume of 792,564. The company has a 50-day moving average price of C$140.28 and a 200 day moving average price of C$129.35. The company has a quick ratio of 0.52, a current ratio of 0.51 and a debt-to-equity ratio of 28.56. Thomson Reuters Co. has a 12-month low of C$107.91 and a 12-month high of C$230.00. The company has a market cap of C$57.34 billion, a PE ratio of 35.23, a PEG ratio of 3.64 and a beta of 0.07.

Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI last announced its quarterly earnings data on Wednesday, August 5th. The company reported C$1.41 earnings per share (EPS) for the quarter. Thomson Reuters had a return on equity of 14.27% and a net margin of 21.22%.The business had revenue of C$2.78 billion during the quarter. Sell-side analysts predict that Thomson Reuters Co. will post 5.6395803 earnings per share for the current year.

Analyst Upgrades and Downgrades

TRI has been the subject of a number of recent research reports. TD set a C$200.00 price objective on shares of Thomson Reuters and gave the stock a "buy" rating in a report on Thursday, September 10th. National Bank Financial raised their target price on Thomson Reuters from C$171.00 to C$180.00 and gave the company an "outperform" rating in a report on Thursday, August 6th. Three analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of C$166.33.

Thomson Reuters Company Profile

Thomson Reuters TSX/Nasdaq: TRI powers business-critical professions with trusted AI technology built for high-stakes work. The company serves professionals across legal, tax, audit, accounting, compliance, government, and media with products that combine highly specialized software, authoritative content, and deep domain expertise. Reuters, part of Thomson Reuters, is a world-leading provider of trusted journalism and news.

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