Thomson Reuters Co. (TSE:TRI) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) has earned an average rating of “Moderate Buy” from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$269.80.

Several equities research analysts have recently issued reports on TRI shares. National Bankshares raised 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 note on Thursday, July 10th. Canaccord Genuity Group raised their price objective on shares of 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 downgraded shares of Thomson Reuters from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 2nd. 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 note on Thursday, April 10th. Finally, BMO Capital Markets raised their price objective on shares of Thomson Reuters from C$280.00 to C$308.00 in a research note on Wednesday.

Insider Activity

In other news, Director Michael Parker sold 286 shares of the stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of C$257.96, for a total value of C$73,777.70. Following the completion of the sale, the director owned 594 shares of the company’s stock, valued at approximately C$153,230.62. This represents a 32.50% decrease in their position. Also, Senior Officer Kirsty Roth sold 16,233 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of C$252.58, for a total value of C$4,100,153.87. Over the last quarter, insiders have sold 29,227 shares of company stock worth $7,571,100. 69.76% of the stock is currently owned by insiders.

Thomson Reuters Stock Performance

Shares of TRI opened at C$287.65 on Friday. 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 stock has a market cap 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 company has a 50-day moving average of C$270.13 and a two-hundred day moving average of C$253.46. Thomson Reuters has a one year low of C$214.51 and a one year high of C$299.24.

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.