Brokerages Set Thomson Reuters Co. (TSE:TRI) Price Target at C$166.33

Shares of Thomson Reuters Co. (TSE:TRIGet Free Report) (NYSE:TRI) have earned a consensus rating of “Buy” from the eleven analysts that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and three have given a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$166.33.

A number of analysts have recently weighed in on TRI shares. TD upped their target price on 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. National Bank Financial increased their price objective on shares of Thomson Reuters from C$171.00 to C$180.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Finally, Scotia decreased their target price on shares of Thomson Reuters from C$156.00 to C$138.00 and set a “sector outperform” rating on the stock in a report on Wednesday, May 6th.

Read Our Latest Report on TRI

Thomson Reuters Price Performance

TSE:TRI opened at C$142.14 on Friday. Thomson Reuters has a 52 week low of C$107.91 and a 52 week high of C$248.50. The company has a debt-to-equity ratio of 28.56, a quick ratio of 0.52 and a current ratio of 0.51. The firm’s 50-day simple moving average is C$132.55 and its 200 day simple moving average is C$126.87. The firm has a market cap of C$61.58 billion, a price-to-earnings ratio of 37.84, a P/E/G ratio of 3.64 and a beta of 0.08.

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

Insider Activity at Thomson Reuters

In related news, insider David Franklin Wong sold 299 shares of Thomson Reuters stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of C$139.82, for a total value of C$41,806.18. Following the transaction, the insider directly owned 21,848 shares of the company’s stock, valued at C$3,054,787.36. This trade represents a 1.35% decrease in their ownership of the stock. Also, insider Elizabeth Florence Zimick sold 1,950 shares of the company’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of C$149.61, for a total value of C$291,739.50. Following the sale, the insider owned 2,210 shares of the company’s stock, valued at C$330,638.10. The trade was a 46.88% decrease in their ownership of the stock. Insiders have sold a total of 4,950 shares of company stock worth $711,118 in the last quarter. 69.76% of the stock is currently owned by company insiders.

About Thomson Reuters

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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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