TD Securities Increases Thomson Reuters (TSE:TRI) Price Target to C$250.00

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its price objective lifted by equities researchers at TD Securities from C$235.00 to C$250.00 in a note issued to investors on Wednesday, BayStreet.CA reports. TD Securities’ target price indicates a potential upside of 8.02% from the stock’s current price.

TRI has been the topic of several other reports. Scotiabank raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 27th. National Bankshares boosted their price objective on shares of Thomson Reuters from C$219.00 to C$231.00 and gave the company a “sector perform” rating in a research report on Friday, August 2nd. Finally, National Bank Financial raised shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Sunday, September 8th. Five research analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Thomson Reuters currently has an average rating of “Moderate Buy” and a consensus price target of C$197.50.

Thomson Reuters Price Performance

TRI stock traded down C$5.43 during midday trading on Wednesday, reaching C$231.44. The company had a trading volume of 190,350 shares, compared to its average volume of 312,298. The company has a market capitalization of C$104.08 billion, a P/E ratio of 32.63, a P/E/G ratio of 3.64 and a beta of 0.40. Thomson Reuters has a 1 year low of C$176.41 and a 1 year high of C$242.92. The firm has a 50-day moving average price of C$230.45 and a 200-day moving average price of C$227.30. The company has a debt-to-equity ratio of 29.05, a current ratio of 0.88 and a quick ratio of 0.52.

Insider Buying and Selling at Thomson Reuters

In other Thomson Reuters news, Senior Officer Mary Alice Vuicic sold 6,062 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of C$235.62, for a total transaction of C$1,428,328.44. In other news, Senior Officer Mary Alice Vuicic sold 6,062 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of C$235.62, for a total value of C$1,428,328.44. Also, Director Caroline Rogge sold 339 shares of Thomson Reuters stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of C$235.35, for a total value of C$79,782.97. Over the last three months, insiders have sold 11,711 shares of company stock worth $2,755,571. 69.76% 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.