TD Securities Increases Thomson Reuters (TSE:TRI) Price Target to C$250.00

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its price target hoisted by equities research analysts at TD Securities from C$235.00 to C$250.00 in a report issued on Wednesday,BayStreet.CA reports. TD Securities’ price target indicates a potential upside of 7.05% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. Scotiabank upgraded shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 27th. National Bank Financial raised shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Sunday, September 8th. Finally, National Bankshares lifted their price objective on 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. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Thomson Reuters has an average rating of “Moderate Buy” and an average target price of C$197.50.

Thomson Reuters Stock Up 0.7 %

Shares of TRI opened at C$233.53 on Wednesday. The company has a quick ratio of 0.52, a current ratio of 0.88 and a debt-to-equity ratio of 29.05. Thomson Reuters has a 52-week low of C$176.41 and a 52-week high of C$242.92. The company has a market cap of C$105.02 billion, a PE ratio of 32.89, a P/E/G ratio of 3.64 and a beta of 0.40. The business has a fifty day moving average of C$230.59 and a 200 day moving average of C$227.45.

Insider Buying and Selling

In related news, Senior Officer Mary Alice Vuicic sold 6,062 shares of the 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. In other Thomson Reuters news, Senior Officer Kirsty Roth sold 5,310 shares of Thomson Reuters stock in a transaction dated 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. Also, Senior Officer Mary Alice Vuicic sold 6,062 shares of the company’s 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 transaction of C$1,428,328.44. Over the last ninety days, insiders sold 11,711 shares of company stock worth $2,755,571. Insiders own 69.76% of the company’s stock.

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.