Thomson Reuters (TSE:TRI) Director Buys C$19,486.28 in Stock

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) Director Peter Thomson bought 134 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The shares were bought at an average price of C$145.42 per share, with a total value of C$19,486.28. Following the completion of the purchase, the director owned 2,108 shares in the company, valued at approximately C$306,545.36. The trade was a 6.79% increase in their ownership of the stock.

Thomson Reuters Stock Performance

TSE TRI traded down C$6.86 during midday trading on Friday, hitting C$132.35. The company had a trading volume of 866,621 shares, compared to its average volume of 792,564. The company has a quick ratio of 0.52, a current ratio of 0.51 and a debt-to-equity ratio of 28.56. The stock has a market cap of C$57.34 billion, a price-to-earnings ratio of 35.23, a P/E/G ratio of 3.64 and a beta of 0.07. The firm has a fifty day simple moving average of C$140.28 and a two-hundred day simple moving average of C$129.35. Thomson Reuters Co. has a fifty-two week low of C$107.91 and a fifty-two week high of C$230.00.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its quarterly earnings data on Wednesday, August 5th. The company reported C$1.41 EPS for the quarter. Thomson Reuters had a net margin of 21.22% and a return on equity of 14.27%. The business had revenue of C$2.78 billion during the quarter. Equities analysts forecast that Thomson Reuters Co. will post 5.6395803 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TRI has been the subject of several research reports. National Bank Financial raised their target price on Thomson Reuters from C$171.00 to C$180.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. TD set a C$200.00 price target on shares of Thomson Reuters and gave the company a “buy” rating in a report on Thursday, September 10th. Three equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$166.33.

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.