Canaccord Genuity Group Boosts Thomson Reuters (TSE:TRI) Price Target to C$181.00

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its price target increased by investment analysts at Canaccord Genuity Group from C$175.00 to C$181.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. Canaccord Genuity Group’s target price would suggest a potential downside of 28.92% from the stock’s current price.

A number of other equities analysts have also recently issued reports on the company. BMO Capital Markets increased their target price on Thomson Reuters from C$265.00 to C$280.00 and gave the company an “outperform” rating in a research report on Friday. National Bankshares upped their price objective on Thomson Reuters from C$260.00 to C$286.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. TD Securities lifted their target price on shares of Thomson Reuters from C$250.00 to C$260.00 and gave the stock a “hold” rating in a research report on Friday, February 7th. Finally, Bank of America set a C$255.00 target price on shares of Thomson Reuters and gave the stock a “neutral” rating in a report on Thursday, April 10th. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$252.40.

Thomson Reuters Price Performance

TRI stock opened at C$254.64 on Friday. The stock has a market cap of C$80.44 billion, a price-to-earnings ratio of 38.34, a P/E/G ratio of 3.64 and a beta of 0.40. The company has a debt-to-equity ratio of 24.28, a current ratio of 0.94 and a quick ratio of 0.52. The company has a 50 day simple moving average of C$247.90 and a 200 day simple moving average of C$239.85. Thomson Reuters has a 1 year low of C$214.51 and a 1 year high of C$262.09.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its earnings results on Thursday, February 6th. The company reported C$1.01 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.97 by C$0.04. Thomson Reuters had a net margin of 32.12% and a return on equity of 20.19%. During the same quarter in the previous year, the firm earned $0.98 EPS. Research analysts anticipate that Thomson Reuters will post 5.6395803 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Kerry Hendrikx sold 1,500 shares of the stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of C$247.06, for a total transaction of C$370,591.65. Also, Senior Officer David Franklin Wong sold 2,256 shares of Thomson Reuters stock in a transaction on Friday, February 14th. The stock was sold at an average price of C$251.96, for a total transaction of C$568,432.59. Company insiders own 69.76% of the company’s stock.

Thomson Reuters Company Profile

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.