Thomson Reuters Co. (TSE:TRI) Stock Has Average Target Price of C$166.33 According to Analysts

Shares of Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) have been given a consensus rating of “Buy” by the eleven analysts that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and three have assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$166.33.

Several research analysts have weighed in on the company. TD set a C$200.00 target price on Thomson Reuters and gave the stock a “buy” rating in a report on Thursday, September 10th. National Bank Financial increased their price target on Thomson Reuters from C$171.00 to C$180.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th.

Thomson Reuters Trading Up 1.5%

Shares of TSE TRI opened at C$149.54 on Friday. The company’s fifty day moving average is C$142.18 and its 200-day moving average is C$129.95. The stock has a market cap of C$64.79 billion, a price-to-earnings ratio of 39.81, a P/E/G ratio of 3.64 and a beta of 0.06. Thomson Reuters has a twelve month low of C$107.91 and a twelve month high of C$230.00. The company has a quick ratio of 0.52, a current ratio of 0.51 and a debt-to-equity ratio of 28.56.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last released its quarterly earnings data on Wednesday, August 5th. The company reported C$1.41 EPS for the quarter. The business had revenue of C$2.78 billion during the quarter. Thomson Reuters had a net margin of 21.22% and a return on equity of 14.27%. Equities research analysts predict that Thomson Reuters will post 5.64 EPS for the current year.

Insider Activity at Thomson Reuters

In related news, insider Elizabeth Florence Zimick sold 1,950 shares of the firm’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of C$149.61, for a total transaction of C$291,739.50. Following the sale, the insider directly owned 2,210 shares in the company, valued at C$330,638.10. This trade represents a 46.88% decrease in their ownership of the stock. Also, insider David Franklin Wong sold 2,701 shares of the business’s stock in a transaction on 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 completion of the sale, the insider directly owned 19,147 shares in the company, valued at C$2,676,559.13. This represents a 12.36% decrease in their ownership of the stock. In the last three months, insiders sold 269,950 shares of company stock worth $39,594,818. 69.76% of the stock is owned by company insiders.

About Thomson Reuters

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.