Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI has received a consensus rating of "Moderate Buy" from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$252.40.
TRI has been the subject of several recent analyst reports. Scotiabank cut Thomson Reuters from a "strong-buy" rating to a "hold" rating in a report on Friday, May 2nd. National Bankshares boosted their target price on shares of Thomson Reuters from C$260.00 to C$286.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Bank of America set a C$255.00 price target 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 price objective on shares of 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. Finally, BMO Capital Markets increased their target price on Thomson Reuters from C$265.00 to C$280.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd.
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Insiders Place Their Bets
In related news, Director Kerry Hendrikx sold 1,500 shares of the business's stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of C$247.06, for a total transaction of C$370,591.65. Also, Senior Officer Kirsty Roth sold 16,233 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of C$252.58, for a total transaction of C$4,100,153.87. Insiders sold a total of 18,383 shares of company stock worth $4,639,312 over the last ninety days. 69.76% of the stock is owned by company insiders.
Thomson Reuters Price Performance
TRI traded down C$0.71 on Thursday, hitting C$270.50. 1,085,307 shares of the company were exchanged, compared to its average volume of 344,420. Thomson Reuters has a fifty-two week low of C$214.51 and a fifty-two week high of C$273.59. The company has a debt-to-equity ratio of 24.28, a quick ratio of 0.52 and a current ratio of 0.94. The firm has a market capitalization of C$85.45 billion, a P/E ratio of 40.73, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40. The business's fifty day moving average is C$253.56 and its 200 day moving average is C$244.12.
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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