Thomson Reuters (TRI) Price Target Raised to C$87.00 at BMO Capital Markets
Thomson Reuters (TSE:TRI) (NYSE:TRI) had its price objective raised by BMO Capital Markets from C$78.00 to C$87.00 in a research report report published on Thursday, BayStreet.CA reports.
TRI has been the subject of a number of other reports. National Bank Financial upped their target price on shares of Thomson Reuters from C$73.00 to C$78.00 in a report on Wednesday, February 27th. TD Securities upped their target price on shares of Thomson Reuters from C$80.00 to C$81.00 and gave the company a buy rating in a report on Wednesday, February 27th.
TRI stock traded up C$0.40 during midday trading on Thursday, reaching C$80.20. 544,900 shares of the company’s stock traded hands, compared to its average volume of 529,639. Thomson Reuters has a 52-week low of C$51.45 and a 52-week high of C$80.78. The stock has a market cap of $40.02 billion and a P/E ratio of 13.57. The company has a current ratio of 1.84, a quick ratio of 1.66 and a debt-to-equity ratio of 35.68.
In other news, Director Deirdre Stanley sold 24,412 shares of the stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of C$71.77, for a total value of C$1,752,100.41. Following the completion of the sale, the director now directly owns 37,849 shares of the company’s stock, valued at C$2,716,502.06. Also, Director Linda Walker sold 11,832 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of C$74.90, for a total transaction of C$886,178.94. Following the completion of the sale, the director now directly owns 5,901 shares of the company’s stock, valued at C$441,966.02. Over the last three months, insiders sold 49,334 shares of company stock valued at $3,573,235.
Thomson Reuters Company Profile
Thomson Reuters Corporation provides news and information-based tools to professionals worldwide. It operates through five segments: Legal Professionals, Corporates, Tax 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.
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