Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI has been given a consensus rating of "Moderate Buy" by the eight research firms that are presently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$252.40.
TRI has been the subject of a number of analyst reports. Scotiabank cut Thomson Reuters from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 2nd. Bank of America set a C$255.00 price objective on Thomson Reuters and gave the stock a "neutral" rating in a research note on Thursday, April 10th. BMO Capital Markets upped their price objective on Thomson Reuters from C$265.00 to C$280.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Finally, Canaccord Genuity Group upped their price objective on Thomson Reuters from C$175.00 to C$181.00 and gave the stock a "hold" rating in a research note on Friday, May 2nd.
Read Our Latest Report on TRI
Insider Activity
In related news, Senior Officer Kirsty Roth sold 16,233 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of C$252.58, for a total transaction of C$4,100,153.87. Also, Senior Officer Mary Alice Vuicic sold 8,621 shares of the business's stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of C$269.21, for a total value of C$2,320,816.31. Insiders sold 30,727 shares of company stock worth $7,941,692 over the last three months. 69.76% of the stock is currently owned by corporate insiders.
Thomson Reuters Price Performance
TRI opened at C$266.18 on Monday. Thomson Reuters has a 12-month low of C$214.51 and a 12-month high of C$273.59. The company has a current ratio of 0.94, a quick ratio of 0.52 and a debt-to-equity ratio of 24.28. The business's fifty day simple moving average is C$261.73 and its 200-day simple moving average is C$248.51. The company has a market capitalization of C$84.09 billion, a price-to-earnings ratio of 40.08, a PEG ratio of 3.64 and a beta of 0.40.
About Thomson Reuters
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Get Free ReportThomson 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.
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