Thomson Reuters (TSE:TRI – Get Free Report) (NYSE:TRI) received a C$200.00 price target from investment analysts at TD in a research note issued on Thursday, BayStreet reports. The brokerage currently has a “buy” rating on the stock. TD’s price objective indicates a potential upside of 49.80% from the company’s previous close.
Separately, National Bank Financial raised their price objective on Thomson Reuters from C$171.00 to C$180.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Three equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$166.33.
Get Our Latest Analysis on Thomson Reuters
Thomson Reuters Trading Down 0.3%
Thomson Reuters (TSE:TRI – Get Free Report) (NYSE:TRI) last announced 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 firm had revenue of C$2.78 billion for the quarter. As a group, equities research analysts expect that Thomson Reuters will post 5.6395803 earnings per share for the current fiscal year.
Insider Transactions at Thomson Reuters
In related news, insider Elizabeth Florence Zimick sold 1,950 shares of the company’s stock in a transaction dated 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 owned 2,210 shares in the company, valued at 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 stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of C$139.79, for a total transaction of C$377,572.79. Following the sale, the insider directly owned 19,147 shares in the company, valued at C$2,676,559.13. This trade represents a 12.36% decrease in their ownership of the stock. Insiders sold a total of 269,950 shares of company stock valued at $39,594,818 in the last quarter. 69.76% of the stock is owned by insiders.
Thomson Reuters Company Profile
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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