Thomson Reuters (TSE:TRI) Stock Rating Upgraded by Wells Fargo & Company

Key Points

• Thomson Reuters has been upgraded to a "strong-buy" rating by Wells Fargo, reflecting increased analyst confidence in the stock.
• Multiple analysts, including Scotiabank and Cibc World Mkts, have also upgraded their ratings on Thomson Reuters, contributing to a current consensus rating of "Buy" and a target price of C$265.80.
• The company's stock opened at C$243.34, with a market capitalization of C$109.67 billion and a 12-month high of C$299.24.

Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI was upgraded by research analysts at Wells Fargo & Company from a "hold" rating to a "strong-buy" rating in a report released on Tuesday,Zacks.com reports.

A number of other analysts also recently issued reports on the stock. Scotiabank upgraded shares of Thomson Reuters from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 6th. Cibc World Mkts upgraded shares of Thomson Reuters from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 19th. National Bankshares lifted their target price on shares of Thomson Reuters from C$286.00 to C$300.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. BMO Capital Markets lifted their target price on shares of Thomson Reuters from C$280.00 to C$308.00 in a report on Wednesday, July 16th. Finally, TD Securities upgraded shares of Thomson Reuters from a "hold" rating to a "buy" rating and lifted their target price for the company from C$275.00 to C$285.00 in a report on Thursday, August 28th. Three investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of C$265.80.

Thomson Reuters Stock Up 1.5%

TRI stock opened at C$243.34 on Tuesday. The company has a market cap of C$109.67 billion, a price-to-earnings ratio of 67.22, a PEG ratio of 3.64 and a beta of 0.48. The company has a current ratio of 0.94, a quick ratio of 0.52 and a debt-to-equity ratio of 24.28. Thomson Reuters has a 12 month low of C$217.85 and a 12 month high of C$299.24. The firm has a 50-day moving average of C$260.36 and a two-hundred day moving average of C$257.76.

Insider Activity at Thomson Reuters

In related news, Senior Officer Mary Alice Vuicic sold 8,621 shares of the business's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of C$269.21, for a total transaction of C$2,320,816.31. 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.

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