Brokerages Set Thomson Reuters Co. (TSE:TRI) PT at C$269.80

Shares of Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI have received a consensus rating of "Moderate Buy" from the eight analysts that are presently covering the company, MarketBeat reports. Five 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 12 month price target among brokerages that have issued a report on the stock in the last year is C$269.80.

TRI has been the topic of a number of research reports. Canaccord Genuity Group lifted their price target on shares of Thomson Reuters from C$175.00 to C$181.00 and gave the company a "hold" rating in a report on Friday, May 2nd. National Bankshares boosted their target price on shares of Thomson Reuters from C$286.00 to C$300.00 and gave the stock an "outperform" rating in a research report on Thursday, July 10th. Bank of America set a C$255.00 price objective on shares of Thomson Reuters and gave the company a "neutral" rating in a report on Thursday, April 10th. BMO Capital Markets lifted their price target on shares of Thomson Reuters from C$280.00 to C$308.00 in a research report on Wednesday, July 16th. Finally, TD Securities lifted their price target on shares of Thomson Reuters from C$260.00 to C$305.00 and gave the stock a "hold" rating in a research note on Tuesday, July 15th.

Insider Buying and Selling at Thomson Reuters

In related news, Senior Officer Kirsty Roth sold 16,233 shares of the firm's stock in a transaction 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. Also, Director Michael Parker sold 286 shares of the business's stock in a transaction on Wednesday, May 14th. The shares were 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 C$153,230.62. This trade represents a 32.50% decrease in their ownership of the stock. Insiders have sold a total of 29,227 shares of company stock worth $7,571,100 over the last three months. Company insiders own 69.76% of the company's stock.

Thomson Reuters Trading Down 3.1%

Shares of TSE:TRI traded down C$8.85 during midday trading on Friday, hitting C$278.31. 404,009 shares of the stock traded hands, compared to its average volume of 348,699. The stock has a market capitalization of C$87.92 billion, a PE ratio of 41.91, a P/E/G 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. Thomson Reuters has a one year low of C$214.51 and a one year high of C$299.24. The business's 50 day moving average is C$270.65 and its two-hundred day moving average is C$254.16.

About Thomson Reuters

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.