Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$247.00 and traded as high as C$268.59. Thomson Reuters shares last traded at C$264.98, with a volume of 543,588 shares changing hands.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on TRI. Scotiabank cut shares of Thomson Reuters from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 2nd. Bank of America set a C$255.00 price target on Thomson Reuters and gave the stock a "neutral" rating in a report on Thursday, April 10th. Canaccord Genuity Group upped their price objective 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. Finally, BMO Capital Markets increased their price objective on Thomson Reuters from C$265.00 to C$280.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Five research 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 stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$252.40.
Check Out Our Latest Analysis on Thomson Reuters
Thomson Reuters Stock Up 0.4%
The firm's 50 day simple moving average is C$259.97 and its 200-day simple moving average is C$247.84. The company has a market cap of C$84.48 billion, a price-to-earnings ratio of 40.26, a P/E/G ratio of 3.64 and a beta of 0.40. The company has a debt-to-equity ratio of 24.28, a current ratio of 0.94 and a quick ratio of 0.52.
Insider Activity
In other Thomson Reuters news, Director Sean Cannizzaro sold 232 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of C$254.69, for a total transaction of C$59,088.73. Following the completion of the sale, the director now directly owns 566 shares of the company's stock, valued at approximately C$144,156.12. This trade represents a 29.07% decrease in their position. Also, Senior Officer Kirsty Roth sold 16,233 shares of Thomson Reuters stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of C$252.58, for a total value of C$4,100,153.87. Over the last ninety days, insiders sold 22,106 shares of company stock valued at $5,620,875. 69.76% of the stock is currently owned by company insiders.
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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