Thomson Reuters (TSE:TRI) Price Target Raised to C$305.00

Thomson Reuters (TSE:TRI - Free Report) NYSE: TRI had its target price boosted by TD Securities from C$260.00 to C$305.00 in a report published on Tuesday morning,BayStreet.CA reports. They currently have a hold rating on the stock.

Several other brokerages also recently commented on TRI. Bank of America set a C$255.00 price objective on Thomson Reuters and gave the stock a "neutral" rating in a research note on Thursday, April 10th. National Bankshares increased their price target on Thomson Reuters from C$286.00 to C$300.00 and gave the company an "outperform" rating in a research report on Thursday, July 10th. Scotiabank downgraded Thomson Reuters from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 2nd. BMO Capital Markets increased their price target on Thomson Reuters from C$265.00 to C$280.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Finally, Canaccord Genuity Group raised their target price on Thomson Reuters from C$175.00 to C$181.00 and gave the stock a "hold" rating in a research report on Friday, May 2nd. Five analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$269.80.

Thomson Reuters Stock Performance

Shares of TSE TRI traded down C$1.34 during midday trading on Tuesday, hitting C$287.65. 328,094 shares of the company's stock were exchanged, compared to its average volume of 348,334. 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$299.24. The company's 50 day moving average price is C$269.58 and its 200 day moving average price is C$253.07. The firm has a market capitalization of C$90.87 billion, a PE ratio of 43.31, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40.

Insider Activity at Thomson Reuters

In related news, Senior Officer Mary Alice Vuicic sold 8,621 shares of Thomson Reuters stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of C$269.21, for a total transaction of C$2,320,816.31. Also, Director Michael Parker sold 286 shares of Thomson Reuters 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 sale, the director directly owned 594 shares of the company's stock, valued at C$153,230.62. This represents a 32.50% decrease in their position. Insiders have sold 29,227 shares of company stock valued at $7,571,100 in the last ninety days. 69.76% of the stock is currently owned by corporate insiders.

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.