Thomson Reuters (TSE:TRI) Stock Rating Upgraded by Wells Fargo & Company

Thomson Reuters (TSE:TRI) (NYSE:TRI) was upgraded by Wells Fargo & Company to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other analysts have also recently weighed in on TRI. National Bank Financial upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Sunday, September 8th. BMO Capital Markets increased their price objective on Thomson Reuters from C$251.00 to C$256.00 in a report on Wednesday, November 6th. TD Securities boosted their target price on Thomson Reuters from C$235.00 to C$250.00 in a research note on Wednesday, November 6th. National Bankshares increased their price target on shares of Thomson Reuters from C$219.00 to C$231.00 and gave the company a “sector perform” rating in a research note on Friday, August 2nd. Finally, Scotiabank upgraded shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 27th. Six equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$197.50.

Thomson Reuters Price Performance

Shares of TSE TRI opened at C$226.74 on Tuesday. The company has a debt-to-equity ratio of 29.05, a current ratio of 0.88 and a quick ratio of 0.52. The company has a market cap of C$101.97 billion, a price-to-earnings ratio of 31.98, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40. The stock’s 50-day moving average is C$230.34 and its two-hundred day moving average is C$229.20. Thomson Reuters has a 1-year low of C$185.73 and a 1-year high of C$242.92.

Insider Activity

In other Thomson Reuters news, Senior Officer Mary Alice Vuicic sold 6,062 shares of Thomson Reuters stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of C$235.62, for a total value of C$1,428,328.44. Also, Senior Officer David Franklin Wong sold 2,417 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of C$165.58, for a total value of C$400,206.86. Insiders have sold 14,128 shares of company stock valued at $3,155,777 in the last ninety days. 69.76% of the stock is currently owned by company insiders.

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.