Thomson Reuters (TSE:TRI) (NYSE:TRI) had its price objective hoisted by Royal Bank of Canada to C$123.00 in a research note issued to investors on Monday, Stock Target Advisor reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective points to a potential upside of 3.29% from the stock’s current price.
Several other analysts have also weighed in on TRI. BMO Capital Markets increased their price target on Thomson Reuters from C$116.00 to C$127.00 in a report on Wednesday, February 24th. National Bank Financial increased their target price on Thomson Reuters from C$115.00 to C$122.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 24th. TD Securities increased their target price on Thomson Reuters from C$120.00 to C$125.00 and gave the stock a “buy” rating in a research note on Wednesday, February 24th. Finally, Bank of America reduced their target price on Thomson Reuters from C$126.00 to C$124.00 in a research note on Thursday, January 7th.
TSE TRI opened at C$119.08 on Monday. The company has a debt-to-equity ratio of 40.86, a quick ratio of 1.36 and a current ratio of 1.50. The company has a market capitalization of C$59.01 billion and a P/E ratio of 43.19. Thomson Reuters has a one year low of C$89.89 and a one year high of C$122.03. The stock has a 50 day moving average price of C$112.92 and a 200-day moving average price of C$107.45.
In other news, Director Linda Walker sold 6,905 shares of the firm’s stock in a transaction on Thursday, March 18th. The stock was sold at an average price of C$115.46, for a total transaction of C$797,254.06. Following the transaction, the director now owns 23,695 shares in the company, valued at C$2,735,834.18. Also, Director Sean Cannizzaro sold 1,400 shares of the firm’s stock in a transaction dated Tuesday, March 16th. The shares were sold at an average price of C$116.46, for a total value of C$163,049.04. Following the sale, the director now directly owns 1,030 shares in the company, valued at approximately C$119,957.51. In the last 90 days, insiders have sold 14,962 shares of company stock worth $1,740,970.
Thomson Reuters Company Profile
Thomson Reuters Corporation provides 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.
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