Thomson Reuters (TRI) PT Raised to C$80.00 at TD Securities
Thomson Reuters (TSE:TRI) (NYSE:TRI) had its price objective lifted by equities research analysts at TD Securities from C$69.00 to C$80.00 in a report released on Wednesday. The brokerage currently has a “buy” rating on the stock. TD Securities’ price objective would suggest a potential upside of 17.39% from the company’s current price.
A number of other research firms have also weighed in on TRI. National Bank Financial boosted their target price on Thomson Reuters from C$69.00 to C$73.00 and gave the company an “outperform” rating in a research note on Wednesday. BMO Capital Markets boosted their target price on Thomson Reuters from C$65.00 to C$69.00 in a research note on Wednesday, November 7th. Finally, Berenberg Bank reduced their price target on Thomson Reuters from C$45.00 to C$44.00 in a report on Thursday, August 30th.
TSE TRI opened at C$68.15 on Wednesday. Thomson Reuters has a 1-year low of C$46.69 and a 1-year high of C$68.70. The company has a debt-to-equity ratio of 58.70, a current ratio of 2.45 and a quick ratio of 0.21.
In other Thomson Reuters news, Director Ruth Clamp-Held sold 2,592 shares of the company’s stock in a transaction that occurred on Tuesday, December 4th. The stock was sold at an average price of C$51.44, for a total transaction of C$133,332.48. Also, Director Vance A. Sider sold 88,548 shares of the company’s stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of C$45.56, for a total value of C$4,034,246.88. In the last 90 days, insiders have sold 186,665 shares of company stock worth $8,751,016.
Thomson Reuters Company Profile
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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