Thomson Reuters Co. (TSE:TRI) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI has earned an average rating of "Moderate Buy" from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$269.80.

Several equities research analysts have recently issued reports on TRI shares. National Bankshares raised their price objective on shares of Thomson Reuters from C$286.00 to C$300.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Canaccord Genuity Group raised their price objective on shares of 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. Scotiabank downgraded shares of 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 shares of Thomson Reuters and gave the stock a "neutral" rating in a research note on Thursday, April 10th. Finally, BMO Capital Markets raised their price objective on shares of Thomson Reuters from C$280.00 to C$308.00 in a research note on Wednesday.

Insider Activity

In other news, Director Michael Parker sold 286 shares of the stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of C$257.96, for a total value of C$73,777.70. Following the completion of the sale, the director owned 594 shares of the company's stock, valued at approximately C$153,230.62. This represents a 32.50% decrease in their position. 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 value of C$4,100,153.87. Over the last quarter, insiders have sold 29,227 shares of company stock worth $7,571,100. 69.76% of the stock is currently owned by insiders.

Thomson Reuters Stock Performance

Shares of TRI opened at C$287.65 on Friday. The company has a debt-to-equity ratio of 24.28, a current ratio of 0.94 and a quick ratio of 0.52. The stock has a market cap of C$90.87 billion, a price-to-earnings ratio of 43.31, a PEG ratio of 3.64 and a beta of 0.40. The company has a 50-day moving average of C$270.13 and a two-hundred day moving average of C$253.46. Thomson Reuters has a one year low of C$214.51 and a one year high of C$299.24.

Thomson Reuters Company Profile

Thomson Reuters is the result of the $17.6 billion megamerger of Canada's Thomson and the United Kingdom's Reuters Group in 2008 and the 2018 carve-out of its finance and risk business, Refinitiv, in which it holds a 45% stake. In 2019, the company agreed to exchange its 45% stake in Refinitiv for a 15% stake in LSE.

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