Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI had its target price boosted by research analysts at National Bankshares from C$286.00 to C$300.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. National Bankshares' price target indicates a potential upside of 10.11% from the company's current price.
Other research analysts have also recently issued reports about the company. Bank of America set a C$255.00 target price on Thomson Reuters and gave the stock a "neutral" rating in a research note on Thursday, April 10th. BMO Capital Markets lifted their price target on Thomson Reuters from C$265.00 to C$280.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Canaccord Genuity Group lifted their price target on Thomson Reuters from C$175.00 to C$181.00 and gave the stock a "hold" rating in a report on Friday, May 2nd. Finally, Scotiabank downgraded Thomson Reuters from a "strong-buy" rating to a "hold" rating in a report on Friday, May 2nd. Five equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$255.20.
Read Our Latest Stock Report on Thomson Reuters
Thomson Reuters Stock Down 1.0%
TRI traded down C$2.89 on Thursday, hitting C$272.45. 356,866 shares of the company were exchanged, compared to its average volume of 337,617. Thomson Reuters has a twelve month low of C$214.51 and a twelve month high of C$276.59. The company has a market cap of C$86.07 billion, a price-to-earnings ratio of 41.02, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40. 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 50-day moving average price of C$267.64 and a two-hundred day moving average price of C$252.03.
Insider Activity at Thomson Reuters
In related news, Senior Officer Elizabeth Beastrom sold 2,848 shares of the business's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of C$262.48, for a total value of C$747,543.04. 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 transaction, the director owned 631 shares in the company, valued at C$168,761.83. This trade represents a 58.10% decrease in their position. Insiders sold 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.
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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