Thomson Reuters (TSE:TRI) Price Target Raised to C$200.00

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its price objective boosted by TD from C$185.00 to C$200.00 in a research report report published on Thursday,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other research analysts also recently weighed in on the company. Scotia lowered their target price on Thomson Reuters from C$156.00 to C$138.00 and set a “sector outperform” rating on the stock in a report on Wednesday, May 6th. National Bank Financial cut their price target on Thomson Reuters from C$175.00 to C$171.00 and set an “outperform” rating for the company in a research note on Wednesday, July 15th. Finally, Argus raised shares of Thomson Reuters to a “hold” rating in a research report on Wednesday, April 22nd. Three investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Thomson Reuters currently has an average rating of “Buy” and an average price target of C$166.33.

Thomson Reuters Price Performance

TSE TRI opened at C$142.03 on Thursday. The business’s fifty day moving average price is C$125.33 and its 200-day moving average price is C$127.94. The stock has a market capitalization of C$61.53 billion, a price-to-earnings ratio of 37.81, a PEG ratio of 3.64 and a beta of 0.08. The company has a debt-to-equity ratio of 22.71, a current ratio of 0.60 and a quick ratio of 0.52. Thomson Reuters has a 1-year low of C$107.91 and a 1-year high of C$251.55.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last released its quarterly earnings results on Wednesday, August 5th. The company reported C$1.41 earnings per share (EPS) for the quarter. Thomson Reuters had a return on equity of 12.70% and a net margin of 19.93%.The firm had revenue of C$2.78 billion for the quarter. On average, equities analysts predict that Thomson Reuters will post 5.6395803 earnings per share for the current year.

Insider Activity at Thomson Reuters

In other news, Director Jason Williams sold 2,864 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of C$122.18, for a total transaction of C$349,923.52. Also, insider David Franklin Wong sold 2,701 shares of the firm’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of C$139.79, for a total transaction of C$377,572.79. Following the sale, the insider owned 19,147 shares in the company, valued at C$2,676,559.13. The trade was a 12.36% decrease in their ownership of the stock. Insiders have sold 5,864 shares of company stock worth $769,302 in the last ninety days. Insiders own 69.76% of the company’s stock.

About Thomson Reuters

Thomson Reuters (TSX/Nasdaq: TRI) powers business-critical professions with trusted AI technology built for high-stakes work. The company serves professionals across legal, tax, audit, accounting, compliance, government, and media with products that combine highly specialized software, authoritative content, and deep domain expertise. Reuters, part of Thomson Reuters, is a world-leading provider of trusted journalism and news.