Thomson Reuters (TSE:TRI) Insider Sells C$291,739.50 in Stock

Thomson Reuters Co. (TSE:TRI – Get Free Report) (NYSE:TRI) insider Elizabeth Florence Zimick sold 1,950 shares of the firm’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of C$149.61, for a total value of C$291,739.50. Following the transaction, the insider directly owned 2,210 shares in the company, valued at C$330,638.10. This trade represents a 46.88% decrease in their ownership of the stock.

Thomson Reuters Trading Up 0.9%

Shares of TSE:TRI opened at C$145.99 on Friday. The company has a 50 day moving average of C$129.96 and a 200-day moving average of C$126.46. The firm has a market cap of C$63.25 billion, a P/E ratio of 38.86, a P/E/G ratio of 3.64 and a beta of 0.08. Thomson Reuters Co. has a twelve month low of C$107.91 and a twelve month high of C$248.50. The company has a current ratio of 0.51, a quick ratio of 0.52 and a debt-to-equity ratio of 28.56.

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Thomson Reuters (TSE:TRI – Get Free Report) (NYSE:TRI) last posted its quarterly earnings data on Wednesday, August 5th. The company reported C$1.41 earnings per share for the quarter. The company had revenue of C$2.78 billion during the quarter. Thomson Reuters had a net margin of 21.22% and a return on equity of 14.27%. As a group, analysts anticipate that Thomson Reuters Co. will post 5.6395803 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on TRI shares. National Bank Financial upped their target price on Thomson Reuters from C$171.00 to C$180.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. TD boosted their price objective on shares of Thomson Reuters from C$185.00 to C$200.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, Scotia dropped their price objective on shares of Thomson Reuters from C$156.00 to C$138.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, May 6th. Three research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Thomson Reuters has an average rating of “Buy” and an average price target of C$166.33.

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Thomson Reuters Company Profile

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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.

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