Thomson Reuters Co. (TSE:TRI) Senior Officer Elizabeth Beastrom Sells 2,848 Shares

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) Senior Officer Elizabeth Beastrom sold 2,848 shares of the firm’s stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of C$262.48, for a total value of C$747,543.04.

Thomson Reuters Stock Up 0.4%

Shares of TRI opened at C$267.40 on Wednesday. The company has a market capitalization of C$84.48 billion, a price-to-earnings ratio of 40.26, a PEG ratio of 3.64 and a beta of 0.40. The stock’s 50-day moving average price is C$259.97 and its 200-day moving average price is C$247.84. The company has a quick ratio of 0.52, a current ratio of 0.94 and a debt-to-equity ratio of 24.28. Thomson Reuters Co. has a 52 week low of C$214.51 and a 52 week high of C$273.59.

Analysts Set New Price Targets

A number of equities analysts have recently commented on TRI shares. BMO Capital Markets lifted their target price on Thomson Reuters from C$265.00 to C$280.00 and gave the stock an “outperform” rating in a report on Friday, May 2nd. Scotiabank cut Thomson Reuters from a “strong-buy” rating to a “hold” rating in a report on Friday, May 2nd. Bank of America set a C$255.00 target price on Thomson Reuters and gave the stock a “neutral” rating in a report on Thursday, April 10th. Finally, Canaccord Genuity Group boosted their price objective on Thomson Reuters from C$175.00 to C$181.00 and gave the company a “hold” rating in a report on Friday, May 2nd. Five equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Thomson Reuters currently has an average rating of “Moderate Buy” and an average target price of C$252.40.

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.