Thomson Reuters (TSE:TRI) Price Target Raised to C$225.00

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its target price boosted by TD Securities from C$210.00 to C$225.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. TD Securities’ target price points to a potential upside of 6.18% from the company’s previous close.

Several other equities analysts also recently issued reports on TRI. National Bank Financial downgraded shares of Thomson Reuters from a “sector perform under weight” rating to an “underperform underweight” rating in a report on Tuesday, February 20th. BMO Capital Markets boosted their target price on shares of Thomson Reuters from C$211.00 to C$222.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. Royal Bank of Canada upped their target price on shares of Thomson Reuters from C$149.00 to C$153.00 and gave the stock a “sector perform” rating in a research report on Friday, February 9th. National Bankshares cut Thomson Reuters from a “sector perform” rating to an “underperform” rating and set a C$210.00 price target on the stock. in a report on Tuesday, February 20th. Finally, CIBC increased their price objective on Thomson Reuters from C$138.00 to C$146.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$181.78.

Thomson Reuters Stock Performance

TSE TRI traded down C$1.82 during trading hours on Wednesday, reaching C$211.90. The company’s stock had a trading volume of 134,708 shares, compared to its average volume of 237,774. The company has a current ratio of 0.90, a quick ratio of 0.52 and a debt-to-equity ratio of 31.76. The business has a 50-day simple moving average of C$205.59 and a 200 day simple moving average of C$188.44. Thomson Reuters has a 52 week low of C$159.25 and a 52 week high of C$217.83. The stock has a market cap of C$95.86 billion, a PE ratio of 27.43, a PEG ratio of 3.64 and a beta of 0.39.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its quarterly earnings results on Thursday, February 8th. The company reported C$1.34 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.25 by C$0.09. Thomson Reuters had a return on equity of 23.06% and a net margin of 39.67%. The business had revenue of C$2.47 billion for the quarter, compared to analysts’ expectations of C$2.52 billion. Equities research analysts predict that Thomson Reuters will post 4.8582358 earnings per share for the current fiscal year.

Insider Activity

In related news, Senior Officer David Franklin Wong sold 600 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of C$158.99, for a total value of C$95,392.80. In related news, Senior Officer David Franklin Wong sold 600 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of C$158.99, for a total value of C$95,392.80. Also, Director Heather Anne O’hagan sold 735 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of C$140.27, for a total value of C$103,095.51. Following the completion of the sale, the director now directly owns 630 shares of the company’s stock, valued at approximately C$88,367.58. Insiders sold a total of 6,462 shares of company stock worth $930,645 in the last three months. 69.35% of the stock is owned by insiders.

Thomson Reuters Company Profile

Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting 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 to law firms and governments.