Raees Nakhuda Sells 52 Shares of Thomson Reuters Co. (TSE:TRI) Stock

Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI Director Raees Nakhuda sold 52 shares of Thomson Reuters stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of C$269.34, for a total value of C$14,005.78. Following the completion of the transaction, the director now owns 93 shares of the company's stock, valued at C$25,048.80. This trade represents a 35.86% decrease in their ownership of the stock.

Thomson Reuters Price Performance

TSE:TRI traded down C$0.71 during midday trading on Friday, hitting C$270.50. 1,085,307 shares of the stock were exchanged, compared to its average volume of 344,420. The company has a market capitalization of C$85.45 billion, a price-to-earnings ratio of 40.73, a P/E/G ratio of 3.64 and a beta of 0.40. The company has a current ratio of 0.94, a quick ratio of 0.52 and a debt-to-equity ratio of 24.28. Thomson Reuters Co. has a one year low of C$214.51 and a one year high of C$273.59. The business has a 50-day moving average price of C$254.05 and a two-hundred day moving average price of C$244.42.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on TRI shares. BMO Capital Markets lifted their price objective on shares of Thomson Reuters from C$265.00 to C$280.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Bank of America set a C$255.00 price target on shares of Thomson Reuters and gave the company a "neutral" rating in a research note on Thursday, April 10th. TD Securities boosted their price objective on Thomson Reuters from C$250.00 to C$260.00 and gave the stock a "hold" rating in a research report on Friday, February 7th. Scotiabank lowered Thomson Reuters from a "strong-buy" rating to a "hold" rating in a report on Friday, May 2nd. Finally, Canaccord Genuity Group lifted their target price on Thomson Reuters from C$175.00 to C$181.00 and gave the company a "hold" rating in a research note on Friday, May 2nd. Five equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$252.40.

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.