Thomson Reuters (TSE:TRI) Reaches New 52-Week High - What's Next?

Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI's share price reached a new 52-week high on Monday . The stock traded as high as C$299.24 and last traded at C$298.31, with a volume of 859606 shares traded. The stock had previously closed at C$272.45.

Wall Street Analyst Weigh In

Several analysts have weighed in on TRI shares. Bank of America set a C$255.00 price target on shares of Thomson Reuters and gave the stock a "neutral" rating in a research note on Thursday, April 10th. National Bankshares upped 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. BMO Capital Markets upped 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. 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 report on Friday, May 2nd. Finally, Scotiabank lowered Thomson Reuters from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 2nd. Five equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Thomson Reuters currently has an average rating of "Moderate Buy" and a consensus price target of C$255.20.

Thomson Reuters Stock Up 7.7%

The company has a 50 day simple moving average of C$267.64 and a two-hundred day simple moving average of C$252.15. The company has a quick ratio of 0.52, a current ratio of 0.94 and a debt-to-equity ratio of 24.28. The company has a market capitalization of C$92.73 billion, a P/E ratio of 44.20, a PEG ratio of 3.64 and a beta of 0.40.

Insider Activity at Thomson Reuters

In other Thomson Reuters news, Director Heather Anne O'hagan sold 875 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of C$267.45, for a total transaction 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. The trade was a 58.10% decrease in their ownership of the stock. Also, Director Michael Parker sold 286 shares of the business's stock in a transaction that occurred 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 transaction, 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 position. Insiders sold a total of 29,227 shares of company stock valued at $7,571,100 over the last ninety days. 69.76% of the stock is currently owned by company 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.

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