TD Analysts Give Thomson Reuters (TSE:TRI) a C$200.00 Price Target

TD set a C$200.00 price target on Thomson Reuters (TSE:TRI) (NYSE:TRI) in a report released on Thursday,BayStreet reports. The firm currently has a buy rating on the stock.

Separately, National Bank Financial increased their price objective on shares of Thomson Reuters from C$171.00 to C$180.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Three equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$166.33.

Thomson Reuters Price Performance

Shares of TSE TRI opened at C$134.93 on Thursday. The company has a debt-to-equity ratio of 28.56, a current ratio of 0.51 and a quick ratio of 0.52. Thomson Reuters has a 1-year low of C$107.91 and a 1-year high of C$240.49. The company has a market capitalization of C$58.46 billion, a price-to-earnings ratio of 35.92, a PEG ratio of 3.64 and a beta of 0.07. The business has a 50-day moving average of C$138.98 and a 200-day moving average of C$128.91.

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

Insider Buying and Selling at Thomson Reuters

In related news, insider Elizabeth Florence Zimick sold 1,950 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of C$149.61, for a total value of C$291,739.50. Following the transaction, the insider owned 2,210 shares in the company, valued at approximately C$330,638.10. The trade was a 46.88% decrease in their ownership of the stock. Also, insider David Franklin Wong sold 2,701 shares of the business’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of C$139.79, for a total value of C$377,572.79. Following the completion of the transaction, the insider owned 19,147 shares in the company, valued at approximately C$2,676,559.13. This trade represents a 12.36% decrease in their position. Insiders sold a total of 269,950 shares of company stock valued at $39,594,818 in the last ninety days. Insiders own 69.76% of the company’s stock.

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.