Thomson Reuters Co. (TSE:TRI) Senior Officer Sells C$747,543.04 in Stock

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) Senior Officer Elizabeth Beastrom sold 2,848 shares of the company’s stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of C$262.48, for a total value of C$747,543.04.

Thomson Reuters Trading Up 0.5%

Shares of TSE:TRI opened at C$266.35 on Tuesday. The business’s 50-day moving average is C$259.42 and its 200 day moving average is C$247.57. Thomson Reuters Co. has a 1 year low of C$214.51 and a 1 year high of C$273.59. The firm has a market capitalization of C$84.14 billion, a P/E ratio of 40.11, a P/E/G ratio of 3.64 and a beta of 0.40. The company has a debt-to-equity ratio of 24.28, a current ratio of 0.94 and a quick ratio of 0.52.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TRI. BMO Capital Markets upped their price objective on Thomson Reuters from C$265.00 to C$280.00 and gave the stock an “outperform” rating in a research note on Friday, May 2nd. Scotiabank cut Thomson Reuters from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 2nd. Canaccord Genuity Group upped their price objective on Thomson Reuters from C$175.00 to C$181.00 and gave the stock a “hold” rating in a research note on Friday, May 2nd. Finally, Bank of America set a C$255.00 price objective on Thomson Reuters and gave the stock a “neutral” rating in a research note on Thursday, April 10th. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$252.40.

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.