Thomson Reuters (TSE:TRI) Stock Price Expected to Rise, National Bankshares Analyst Says

Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI had its target price hoisted by equities researchers at National Bankshares from C$286.00 to C$300.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. National Bankshares' target price points to a potential upside of 9.21% from the company's previous close.

A number of other equities research analysts have also weighed in on the stock. Bank of America set a C$255.00 target price on shares of Thomson Reuters and gave the company a "neutral" rating in a research note on Thursday, April 10th. BMO Capital Markets boosted their price objective on shares of 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. Canaccord Genuity Group boosted 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. Finally, Scotiabank lowered shares of Thomson Reuters from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 2nd. Five research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of C$255.20.

Thomson Reuters Trading Down 0.2%

Shares of TRI traded down C$0.63 during trading hours on Thursday, reaching C$274.71. 38,354 shares of the company traded hands, compared to its average volume of 335,133. The company's fifty day moving average price is C$267.28 and its two-hundred day moving average price is C$251.64. The company has a market capitalization of C$86.78 billion, a price-to-earnings ratio of 41.36, a price-to-earnings-growth 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 12 month low of C$214.51 and a 12 month high of C$276.59.

Insider Transactions at Thomson Reuters

In other news, Senior Officer Elizabeth Beastrom sold 2,848 shares of the company's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of C$262.48, for a total value of C$747,543.04. Also, Senior Officer Kirsty Roth sold 16,233 shares of the company'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. In the last quarter, insiders have sold 29,227 shares of company stock valued at $7,571,100. 69.76% of the stock is currently owned by insiders.

About Thomson Reuters

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.