Thomson Reuters (TSE:TRI) Stock Rating Upgraded by Wells Fargo & Company

Thomson Reuters (TSE:TRI) (NYSE:TRI) was upgraded by analysts at Wells Fargo & Company to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Other equities analysts also recently issued research reports about the stock. TD Securities increased their price target on shares of Thomson Reuters from C$235.00 to C$250.00 in a report on Wednesday, November 6th. National Bankshares lifted their target price on shares of Thomson Reuters from C$219.00 to C$231.00 and gave the stock a “sector perform” rating in a research report on Friday, August 2nd. National Bank Financial upgraded shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Sunday, September 8th. BMO Capital Markets lifted their price objective on Thomson Reuters from C$251.00 to C$256.00 in a research report on Wednesday, November 6th. Finally, Scotiabank upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 27th. Six research analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$197.50.

Thomson Reuters Stock Up 0.2 %

Thomson Reuters stock opened at C$226.74 on Tuesday. The stock’s 50 day moving average price is C$230.34 and its 200 day moving average price is C$229.20. The company has a market cap of C$101.97 billion, a PE ratio of 31.98, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40. The company has a debt-to-equity ratio of 29.05, a current ratio of 0.88 and a quick ratio of 0.52. Thomson Reuters has a 1-year low of C$185.73 and a 1-year high of C$242.92.

Insider Buying and Selling at Thomson Reuters

In related news, Director Caroline Rogge sold 339 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of C$235.35, for a total transaction of C$79,782.97. Also, Senior Officer Kirsty Roth sold 5,310 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of C$234.93, for a total value of C$1,247,459.18. In the last three months, insiders sold 14,128 shares of company stock worth $3,155,777. 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.