BMO Capital Markets Issues Positive Forecast for Thomson Reuters (TSE:TRI) Stock Price

Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI had its target price lifted by research analysts at BMO Capital Markets from C$280.00 to C$308.00 in a note issued to investors on Wednesday,BayStreet.CA reports. BMO Capital Markets' price target indicates a potential upside of 5.99% from the stock's current price.

Several other research analysts have also recently commented on the company. Scotiabank cut Thomson Reuters from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 2nd. Canaccord Genuity Group upped their price objective on Thomson Reuters from C$175.00 to C$181.00 and gave the company a "hold" rating in a research note on Friday, May 2nd. Bank of America set a C$255.00 price objective on Thomson Reuters and gave the company a "neutral" rating in a research note on Thursday, April 10th. TD Securities upped their price objective on Thomson Reuters from C$260.00 to C$305.00 and gave the company a "hold" rating in a research note on Tuesday. Finally, National Bankshares upped their price objective on Thomson Reuters from C$286.00 to C$300.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. Five equities 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 company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$269.80.

Thomson Reuters Stock Up 0.6%

Shares of TSE:TRI traded up C$1.61 during trading on Wednesday, hitting C$290.60. The company's stock had a trading volume of 38,173 shares, compared to its average volume of 346,065. The company has a debt-to-equity ratio of 24.28, a quick ratio of 0.52 and a current ratio of 0.94. Thomson Reuters has a fifty-two week low of C$214.51 and a fifty-two week high of C$299.24. The stock's 50-day moving average price is C$269.58 and its two-hundred day moving average price is C$253.07. The company has a market capitalization of C$91.80 billion, a PE ratio of 43.76, a PEG ratio of 3.64 and a beta of 0.40.

Insider Buying and Selling at Thomson Reuters

In other Thomson Reuters news, Director Heather Anne O'hagan sold 875 shares of the stock in a transaction 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 directly owned 631 shares of the company's stock, valued at approximately C$168,761.83. This trade represents a 58.10% decrease in their position. Also, Senior Officer Elizabeth Beastrom sold 2,848 shares of the stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of C$262.48, for a total value of C$747,543.04. In the last three months, insiders sold 29,227 shares of company stock worth $7,571,100. Corporate insiders own 69.76% of the company's stock.

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.