Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI passed above its two hundred day moving average during trading on Thursday following insider buying activity. The stock has a two hundred day moving average of C$245.33 and traded as high as C$268.71. Thomson Reuters shares last traded at C$266.75, with a volume of 253,093 shares trading hands.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on the stock. BMO Capital Markets upped their price target on shares of Thomson Reuters from C$265.00 to C$280.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Canaccord Genuity Group raised their price objective on shares of Thomson Reuters from C$175.00 to C$181.00 and gave the company a "hold" rating in a report on Friday, May 2nd. Scotiabank cut Thomson Reuters from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 2nd. Finally, Bank of America set a C$255.00 price target on Thomson Reuters and gave the company a "neutral" rating in a research report on Thursday, April 10th. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of C$252.40.
View Our Latest Stock Report on TRI
Thomson Reuters Stock Performance
The company has a debt-to-equity ratio of 24.28, a current ratio of 0.94 and a quick ratio of 0.52. The stock has a market capitalization of C$84.36 billion, a PE ratio of 40.21, a PEG ratio of 3.64 and a beta of 0.40. The business has a 50 day moving average price of C$256.14 and a 200 day moving average price of C$245.91.
Thomson Reuters Company Profile
(
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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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