Thomson Reuters Co. (TSE:TRI) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) have received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$252.40.

Several research firms have issued reports on TRI. Scotiabank downgraded shares of Thomson Reuters from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 2nd. National Bankshares upped their price objective on shares of Thomson Reuters from C$260.00 to C$286.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Canaccord Genuity Group upped their price objective on shares of Thomson Reuters from C$175.00 to C$181.00 and gave the company a “hold” rating in a research note on Friday, May 2nd. BMO Capital Markets upped their target price on shares of Thomson Reuters from C$265.00 to C$280.00 and gave the company an “outperform” rating in a report on Friday, May 2nd. Finally, Bank of America set a C$255.00 target price on shares of Thomson Reuters and gave the company a “neutral” rating in a report on Thursday, April 10th.

Insider Buying and Selling

In related news, Director Michael Parker sold 286 shares of the stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of C$257.96, for a total transaction of C$73,777.70. Following the completion of the transaction, the director now directly owns 594 shares of the company’s stock, valued at C$153,230.62. This represents a 32.50% decrease in their ownership of the stock. Also, Director Kerry Hendrikx sold 1,500 shares of the stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of C$247.06, for a total transaction of C$370,591.65. Insiders sold 18,383 shares of company stock valued at $4,639,312 over the last ninety days. Corporate insiders own 69.76% of the company’s stock.

Thomson Reuters Stock Performance

TSE TRI opened at C$270.47 on Thursday. The company has a debt-to-equity ratio of 24.28, a current ratio of 0.94 and a quick ratio of 0.52. Thomson Reuters has a 1 year low of C$214.51 and a 1 year high of C$273.59. The company has a market capitalization of C$85.45 billion, a PE ratio of 40.73, a P/E/G ratio of 3.64 and a beta of 0.40. The company has a fifty day moving average of C$254.55 and a two-hundred day moving average of C$244.75.

About Thomson Reuters

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.