Thomson Reuters Co. (TSE:TRI) Stock Has Consensus Price Target of C$166.33

Shares of Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) have been assigned a consensus recommendation of “Buy” from the ten analysts that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$166.33.

TRI has been the subject of several research reports. TD set a C$200.00 price objective on shares of Thomson Reuters and gave the stock a “buy” rating in a research note on Thursday, September 10th. National Bank Financial boosted their price objective on shares of Thomson Reuters from C$171.00 to C$180.00 and gave the company an “outperform” rating in a report on Thursday, August 6th.

Insider Buying and Selling

In other Thomson Reuters news, insider Elizabeth Florence Zimick sold 1,950 shares of Thomson Reuters stock in a transaction dated Friday, August 14th. The stock was sold at an average price of C$149.61, for a total transaction of C$291,739.50. Following the completion of the sale, the insider owned 2,210 shares of the company’s stock, valued at approximately C$330,638.10. The trade was a 46.88% decrease in their position. Also, insider David Franklin Wong sold 2,701 shares of the business’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of C$139.79, for a total value of C$377,572.79. Following the sale, the insider owned 19,147 shares in the company, valued at approximately C$2,676,559.13. The trade was a 12.36% decrease in their position. Insiders sold 269,950 shares of company stock worth $39,594,818 in the last 90 days. Insiders own 69.76% of the company’s stock.

Thomson Reuters Stock Up 0.7%

TRI stock opened at C$154.15 on Friday. The firm has a 50 day moving average of C$142.94 and a 200 day moving average of C$130.49. The stock has a market capitalization of C$66.79 billion, a PE ratio of 41.04, a price-to-earnings-growth ratio of 3.64 and a beta of 0.06. The company has a quick ratio of 0.52, a current ratio of 0.51 and a debt-to-equity ratio of 28.56. Thomson Reuters has a 52 week low of C$107.91 and a 52 week high of C$230.00.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last released its earnings results on Wednesday, August 5th. The company reported C$1.41 earnings per share for the quarter. Thomson Reuters had a net margin of 21.22% and a return on equity of 14.27%. The company had revenue of C$2.78 billion for the quarter. Sell-side analysts forecast that Thomson Reuters will post 5.64 earnings per share for the current year.

About Thomson Reuters

Thomson Reuters (TSX/Nasdaq: TRI) powers business-critical professions with trusted AI technology built for high-stakes work. The company serves professionals across legal, tax, audit, accounting, compliance, government, and media with products that combine highly specialized software, authoritative content, and deep domain expertise. Reuters, part of Thomson Reuters, is a world-leading provider of trusted journalism and news.