Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI's share price hit a new 52-week high during trading on Tuesday . The stock traded as high as C$274.18 and last traded at C$273.84, with a volume of 285265 shares trading hands. The stock had previously closed at C$271.15.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the company. BMO Capital Markets raised their price target 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. Scotiabank lowered 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 target price on Thomson Reuters and gave the stock a "neutral" rating in a report on Thursday, April 10th. Finally, Canaccord Genuity Group upped their price target on 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. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of C$252.40.
Read Our Latest Stock Analysis on Thomson Reuters
Thomson Reuters Price Performance
The company has a 50 day moving average of C$264.58 and a 200 day moving average of C$249.94. 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 firm has a market cap of C$85.19 billion, a price-to-earnings ratio of 40.60, a P/E/G ratio of 3.64 and a beta of 0.40.
Insider Buying and Selling at Thomson Reuters
In related news, Director Sean Cannizzaro sold 232 shares of the firm's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of C$254.69, for a total transaction of C$59,088.73. Following the sale, the director directly owned 566 shares in the company, valued at C$144,156.12. This trade represents a 29.07% decrease in their ownership of the stock. Also, Director Heather Anne O'hagan sold 875 shares of the business's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of C$267.45, for a total value of C$234,019.98. Following the completion of the sale, the director owned 631 shares in the company, valued at approximately C$168,761.83. This trade represents a 58.10% decrease in their ownership of the stock. Insiders sold 29,227 shares of company stock worth $7,571,100 in the last quarter. Company insiders own 69.76% of the company's stock.
About Thomson Reuters
(
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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.
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