TD Securities Increases Thomson Reuters (TSE:TRI) Price Target to C$305.00

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its target price raised by equities research analysts at TD Securities from C$260.00 to C$305.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. TD Securities’ price target indicates a potential upside of 5.54% from the company’s previous close.

TRI has been the topic of several other research reports. Canaccord Genuity Group boosted their price target on Thomson Reuters from C$175.00 to C$181.00 and gave the stock a “hold” rating in a research note on Friday, May 2nd. Scotiabank lowered Thomson Reuters from a “strong-buy” rating to a “hold” rating in a report on Friday, May 2nd. BMO Capital Markets raised their price target on Thomson Reuters from C$265.00 to C$280.00 and gave the company an “outperform” rating in a research report on Friday, May 2nd. National Bankshares boosted their price objective on shares of Thomson Reuters from C$286.00 to C$300.00 and gave the stock an “outperform” rating in a research report on Thursday, July 10th. Finally, Bank of America set a C$255.00 price objective on shares of Thomson Reuters and gave the company a “neutral” rating in a research note on Thursday, April 10th. 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 company. According to MarketBeat.com, Thomson Reuters has an average rating of “Moderate Buy” and an average target price of C$269.80.

Thomson Reuters Stock Performance

TSE TRI opened at C$288.99 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.52 and a debt-to-equity ratio of 24.28. Thomson Reuters has a 12-month low of C$214.51 and a 12-month high of C$299.24. The stock has a market capitalization of C$91.30 billion, a price-to-earnings ratio of 43.52, a PEG ratio of 3.64 and a beta of 0.40. The business’s 50 day moving average is C$269.58 and its two-hundred day moving average is C$253.07.

Insider Buying and Selling

In other news, Senior Officer Mary Alice Vuicic sold 8,621 shares of the business’s stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of C$269.21, for a total value of C$2,320,816.31. Also, Director Heather Anne O’hagan sold 875 shares of the company’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of C$267.45, for a total transaction of C$234,019.98. Following the transaction, the director directly owned 631 shares in the company, valued at C$168,761.83. The trade was a 58.10% decrease in their position. Insiders sold 29,227 shares of company stock worth $7,571,100 in the last 90 days. 69.76% of the stock is currently owned by corporate insiders.

About Thomson Reuters

Thomson Reuters is the result of the $17.6 billion megamerger of Canada’s Thomson and the United Kingdom’s Reuters Group in 2008 and the 2018 carve-out of its finance and risk business, Refinitiv, in which it holds a 45% stake. In 2019, the company agreed to exchange its 45% stake in Refinitiv for a 15% stake in LSE.