Royal Bank of Canada Increases Thomson Reuters (TSE:TRI) Price Target to C$123.00

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its price objective lifted by Royal Bank of Canada to C$123.00 in a research report issued on Monday, Stock Target Advisor reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price points to a potential upside of 3.29% from the company’s previous close.

TRI has been the topic of several other reports. TD Securities raised their price objective on Thomson Reuters from C$120.00 to C$125.00 and gave the company a “buy” rating in a research report on Wednesday, February 24th. Bank of America dropped their target price on Thomson Reuters from C$126.00 to C$124.00 in a research report on Thursday, January 7th. BMO Capital Markets lifted their target price on Thomson Reuters from C$116.00 to C$127.00 in a research report on Wednesday, February 24th. Finally, National Bank Financial lifted their target price on Thomson Reuters from C$115.00 to C$122.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 24th.

TRI stock opened at C$119.08 on Monday. Thomson Reuters has a 52-week low of C$89.89 and a 52-week high of C$122.03. The stock’s fifty day simple moving average is C$112.92 and its 200-day simple moving average is C$107.45. The company has a quick ratio of 1.36, a current ratio of 1.50 and a debt-to-equity ratio of 40.86. The stock has a market capitalization of C$59.01 billion and a price-to-earnings ratio of 43.19.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its earnings results on Tuesday, February 23rd. The company reported C$0.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$0.59 by C$0.11. The firm had revenue of C$2.11 billion during the quarter, compared to analyst estimates of C$2.09 billion. As a group, analysts anticipate that Thomson Reuters will post 2.2899999 earnings per share for the current fiscal year.

In other Thomson Reuters news, Director Sean Cannizzaro sold 1,400 shares of Thomson Reuters stock in a transaction that occurred on Tuesday, March 16th. The stock was sold at an average price of C$116.46, for a total value of C$163,049.04. Following the completion of the transaction, the director now directly owns 1,030 shares in the company, valued at C$119,957.51. Also, Director Marc E. Gold sold 6,657 shares of Thomson Reuters stock in a transaction that occurred on Tuesday, March 23rd. The shares were sold at an average price of C$117.27, for a total value of C$780,667.19. Following the completion of the transaction, the director now owns 145 shares of the company’s stock, valued at C$17,004.17. Over the last three months, insiders sold 14,962 shares of company stock valued at $1,740,970.

About Thomson Reuters

Thomson Reuters Corporation provides business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.

Further Reading: Dividend Reinvestment Plan (DRIP)

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