Insider Selling: Thomson Reuters Co. (TSE:TRI) Director Sells 80 Shares of Stock

Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI Director Robert Durnford sold 80 shares of the stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of C$271.18, for a total transaction of C$21,694.70. Following the sale, the director now directly owns 98 shares of the company's stock, valued at approximately C$26,576.01. The trade was a 44.94% decrease in their ownership of the stock.

Thomson Reuters Trading Down 0.3%

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on TRI shares. Scotiabank cut Thomson Reuters from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 2nd. Bank of America set a C$255.00 target price on shares of Thomson Reuters and gave the stock a "neutral" rating in a research note on Thursday, April 10th. Canaccord Genuity Group boosted their target price on shares of Thomson Reuters from C$175.00 to C$181.00 and gave the stock a "hold" rating in a research report on Friday, May 2nd. National Bankshares raised their price target on shares of Thomson Reuters from C$260.00 to C$286.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Finally, TD Securities lifted their price objective on shares of Thomson Reuters from C$250.00 to C$260.00 and gave the stock a "hold" rating in a research note on Friday, February 7th. Five investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Thomson Reuters currently has a consensus rating of "Moderate Buy" and an average price target of C$252.40.

About Thomson Reuters

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.