BMO Capital Markets Increases Thomson Reuters (TSE:TRI) Price Target to C$308.00

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its price objective lifted by research analysts at BMO Capital Markets from C$280.00 to C$308.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. BMO Capital Markets’ price target suggests a potential upside of 7.07% from the company’s current price.

Several other equities analysts have also recently weighed in on the stock. Bank of America set a C$255.00 price objective on shares of Thomson Reuters and gave the stock a “neutral” rating in a research report on Thursday, April 10th. TD Securities raised their price target on Thomson Reuters from C$260.00 to C$305.00 and gave the company a “hold” rating in a research report on Tuesday. Canaccord Genuity Group raised their price target on Thomson Reuters from C$175.00 to C$181.00 and gave the company a “hold” rating in a research report on Friday, May 2nd. National Bankshares upped their price objective on shares of Thomson Reuters from C$286.00 to C$300.00 and gave the company an “outperform” rating in a research report on Thursday, July 10th. Finally, Scotiabank lowered shares of Thomson Reuters from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 2nd. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$269.80.

Thomson Reuters Stock Performance

Shares of TSE TRI opened at C$287.65 on Wednesday. Thomson Reuters has a 52-week low of C$214.51 and a 52-week high of C$299.24. The company has a quick ratio of 0.52, a current ratio of 0.94 and a debt-to-equity ratio of 24.28. The stock has a market capitalization of C$90.87 billion, a price-to-earnings ratio of 43.31, a PEG ratio of 3.64 and a beta of 0.40. The stock’s fifty day simple moving average is C$270.13 and its 200 day simple moving average is C$253.46.

Insider Activity

In other news, Senior Officer Elizabeth Beastrom sold 2,848 shares of the 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 transaction of C$747,543.04. Also, Director Sean Cannizzaro sold 232 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of C$254.69, for a total transaction of C$59,088.73. Following the sale, the director directly owned 566 shares in the company, valued at C$144,156.12. This trade represents a 29.07% decrease in their ownership of the stock. In the last three months, insiders sold 29,227 shares of company stock valued at $7,571,100. Corporate insiders own 69.76% of the company’s stock.

Thomson Reuters Company Profile

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.