BMO Capital Markets Raises Thomson Reuters (TSE:TRI) Price Target to C$256.00

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its price objective hoisted by stock analysts at BMO Capital Markets from C$251.00 to C$256.00 in a research report issued on Wednesday,BayStreet.CA reports. BMO Capital Markets’ price target points to a potential upside of 9.62% from the company’s previous close.

Other research analysts also recently issued reports about the company. TD Securities lifted their price target on Thomson Reuters from C$235.00 to C$250.00 in a research report on Wednesday. Scotiabank raised shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 27th. 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 report on Friday, August 2nd. Finally, National Bank Financial upgraded shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Sunday, September 8th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Thomson Reuters presently has a consensus rating of “Moderate Buy” and a consensus price target of C$197.50.

Thomson Reuters Stock Up 0.7 %

TRI stock opened at C$233.53 on Wednesday. Thomson Reuters has a 52-week low of C$176.41 and a 52-week high of C$242.92. 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 stock has a market capitalization of C$105.02 billion, a price-to-earnings ratio of 32.89, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40. The company has a 50-day moving average of C$230.59 and a two-hundred day moving average of C$227.45.

Insider Transactions at Thomson Reuters

In other news, Senior Officer Kirsty Roth sold 5,310 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of C$234.93, for a total value of C$1,247,459.18. In other Thomson Reuters news, Senior Officer Mary Alice Vuicic sold 6,062 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of C$235.62, for a total transaction of C$1,428,328.44. Also, Senior Officer Kirsty Roth sold 5,310 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of C$234.93, for a total transaction of C$1,247,459.18. In the last three months, insiders sold 11,711 shares of company stock valued at $2,755,571. Company insiders own 69.76% of the company’s stock.

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.