Thomson Reuters (TSE:TRI) Price Target Raised to C$190.00

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its price target increased by National Bank Financial from C$180.00 to C$190.00 in a research report issued to clients and investors on Wednesday, BayStreet reports. The firm presently has an “outperform” rating on the stock. National Bank Financial‘s target price points to a potential upside of 15.15% from the stock’s previous close.

A number of other analysts have also weighed in on the stock. Jefferies Financial Group upgraded shares of Thomson Reuters to a “strong-buy” rating in a research note on Tuesday, October 20th. TD set a C$200.00 price target on shares of Thomson Reuters and gave the company a “buy” rating in a research report on Thursday, September 10th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$168.00.

Thomson Reuters Stock Up 6.4%

Shares of TSE TRI traded up C$9.93 during trading on Wednesday, reaching C$165.00. The company had a trading volume of 538,511 shares, compared to its average volume of 783,882. Thomson Reuters has a 12-month low of C$107.91 and a 12-month high of C$211.53. The stock has a market cap of C$71.49 billion, a PE ratio of 43.93, a P/E/G ratio of 3.64 and a beta of 0.15. The business’s 50-day moving average is C$147.60 and its 200 day moving average is C$134.19. The company has a quick ratio of 0.52, a current ratio of 0.51 and a debt-to-equity ratio of 28.56.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its quarterly earnings results on Tuesday, November 3rd. The company reported C$1.15 earnings per share (EPS) for the quarter. The firm had revenue of C$2.61 billion during the quarter. Thomson Reuters had a return on equity of 14.27% and a net margin of 21.22%. As a group, equities analysts forecast that Thomson Reuters will post 5.64 earnings per share for the current fiscal year.

Insider Activity

In related news, insider David Franklin Wong sold 2,701 shares of the stock in a transaction on Thursday, August 6th. The stock was sold at an average price of C$139.79, for a total transaction of C$377,572.79. Following the sale, the insider directly owned 19,147 shares of the company’s stock, valued at C$2,676,559.13. This trade represents a 12.36% decrease in their ownership of the stock. Also, insider The Woodbridge Company Limited sold 120,000 shares of the stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of C$148.19, for a total value of C$17,782,800.00. Following the sale, the insider directly owned 306,223,126 shares in the company, valued at C$45,379,205,041.94. This trade represents a 0.04% decrease in their ownership of the stock. Insiders have sold a total of 269,950 shares of company stock valued at $39,594,818 over the last ninety days. 69.76% of the stock is currently owned by corporate insiders.

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.