Thomson Reuters (TRI) PT Raised to C$73.00 at BMO Capital Markets
Thomson Reuters (TSE:TRI) (NYSE:TRI) had its price target raised by research analysts at BMO Capital Markets from C$69.00 to C$73.00 in a note issued to investors on Wednesday. BMO Capital Markets’ price objective would indicate a potential upside of 7.32% from the stock’s current price.
Other equities research analysts also recently issued reports about the stock. Berenberg Bank decreased their price objective on shares of Thomson Reuters from C$45.00 to C$44.00 in a research note on Thursday, August 30th. TD Securities boosted their price objective on shares of Thomson Reuters from C$68.00 to C$69.00 and gave the stock a “buy” rating in a research note on Wednesday, November 7th. Finally, National Bank Financial boosted their price objective on shares of Thomson Reuters from C$69.00 to C$73.00 and gave the stock an “outperform” rating in a research note on Wednesday.
TRI traded up C$0.44 during trading on Wednesday, hitting C$68.02. 572,901 shares of the company’s stock were exchanged, compared to its average volume of 888,330. The company has a current ratio of 2.45, a quick ratio of 0.21 and a debt-to-equity ratio of 58.70. Thomson Reuters has a 1 year low of C$46.69 and a 1 year high of C$68.70.
In other news, Director Vance A. Sider sold 88,548 shares of the company’s stock in a transaction on Thursday, September 13th. The shares were sold at an average price of C$45.56, for a total value of C$4,034,246.88. Also, Director Stephen J. Adler sold 15,000 shares of the company’s stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of C$47.65, for a total transaction of C$714,750.00. Insiders sold 184,073 shares of company stock valued at $8,617,684 over the last 90 days.
About Thomson Reuters
Thomson Reuters Corporation provides news and information for professional markets worldwide. The company operates through three segments: Financial & Risk, Legal, and Tax & Accounting. It sells electronic content and services to professionals primarily on a subscription basis. The Financial & Risk segment offers critical news, information, and analytics enabling transactions and connecting communities of trading, investment, financial, and corporate professionals.
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