Thomson Reuters (TSE:TRI) Sets New 12-Month Low – Should You Sell?

Shares of Thomson Reuters Co. (TSE:TRIGet Free Report) (NYSE:TRI) reached a new 52-week low during trading on Tuesday . The stock traded as low as C$204.85 and last traded at C$207.70, with a volume of 642760 shares trading hands. The stock had previously closed at C$218.92.

Analyst Upgrades and Downgrades

TRI has been the subject of several research reports. TD Securities upgraded shares of Thomson Reuters from a “hold” rating to a “buy” rating and increased their price objective for the company from C$275.00 to C$285.00 in a research report on Thursday, August 28th. The Goldman Sachs Group upgraded shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. BMO Capital Markets increased their price objective on shares of Thomson Reuters from C$280.00 to C$308.00 in a research report on Wednesday, July 16th. National Bankshares raised their target price on shares of Thomson Reuters from C$286.00 to C$300.00 and gave the stock an “outperform” rating in a report on Thursday, July 10th. Finally, Scotiabank upgraded shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 6th. Six research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Strong Buy” and an average target price of C$265.80.

View Our Latest Analysis on TRI

Thomson Reuters Stock Performance

The company has a debt-to-equity ratio of 24.28, a quick ratio of 0.52 and a current ratio of 0.94. The firm has a market cap of C$88.44 billion, a P/E ratio of 54.21, a price-to-earnings-growth ratio of 3.64 and a beta of 0.33. The firm’s fifty day moving average price is C$224.03 and its 200 day moving average price is C$250.00.

Thomson Reuters Company Profile

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Thomson Reuters is the result of the $17.6 billion megamerger of Canada’s Thomson and the United Kingdom’s Reuters Group in 2008 and the 2018 carve-out of its finance and risk business, Refinitiv, in which it holds a 45% stake. In 2019, the company agreed to exchange its 45% stake in Refinitiv for a 15% stake in LSE.

Further Reading

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