Thomson Reuters (TSE:TRI) Given New C$265.00 Price Target at BMO Capital Markets

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its target price upped by BMO Capital Markets from C$260.00 to C$265.00 in a report issued on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective would indicate a potential upside of 5.07% from the company’s previous close.

Several other brokerages have also issued reports on TRI. TD Securities raised their target price on shares of Thomson Reuters from C$250.00 to C$260.00 and gave the company a “hold” rating in a research note on Friday. Wells Fargo & Company upgraded Thomson Reuters to a “hold” rating in a research report on Tuesday, November 26th. Finally, National Bankshares increased their price target on Thomson Reuters from C$260.00 to C$286.00 and gave the company an “outperform” rating in a research note on Friday. Five research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$209.83.

Thomson Reuters Stock Performance

Shares of TRI traded down C$0.99 during mid-day trading on Friday, hitting C$252.22. The stock had a trading volume of 185,614 shares, compared to its average volume of 294,054. The company has a quick ratio of 0.52, a current ratio of 0.88 and a debt-to-equity ratio of 29.05. The company has a market cap of C$113.43 billion, a PE ratio of 35.57, a PEG ratio of 3.64 and a beta of 0.40. Thomson Reuters has a fifty-two week low of C$200.50 and a fifty-two week high of C$255.65. The company’s fifty day simple moving average is C$234.79 and its two-hundred day simple moving average is C$230.43.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its earnings results on Thursday, February 6th. The company reported C$1.01 EPS for the quarter, topping the consensus estimate of C$0.97 by C$0.04. Thomson Reuters had a return on equity of 20.41% and a net margin of 33.65%. During the same quarter in the previous year, the business earned $0.98 EPS. On average, equities analysts expect that Thomson Reuters will post 5.6395803 earnings per share for the current year.

About Thomson Reuters

Thomson Reuters Corporation engages in the provision of 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.