TD Securities Forecasts Strong Price Appreciation for Thomson Reuters (TSE:TRI) Stock

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its price objective increased by research analysts at TD Securities from C$235.00 to C$250.00 in a research report issued on Wednesday,BayStreet.CA reports. TD Securities’ price objective indicates a potential upside of 7.05% from the stock’s current price.

Several other analysts have also recently commented on the stock. National Bank Financial upgraded shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Sunday, September 8th. National Bankshares lifted their price target on shares of Thomson Reuters from C$219.00 to C$231.00 and gave the company a “sector perform” rating in a research report on Friday, August 2nd. Finally, Scotiabank upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 27th. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$197.50.

Thomson Reuters Stock Performance

Shares of TRI opened at C$233.53 on Wednesday. Thomson Reuters has a 1 year low of C$176.41 and a 1 year high of C$242.92. The stock has a market capitalization of C$105.02 billion, a P/E ratio of 32.89, a P/E/G ratio of 3.64 and a beta of 0.40. The company has a debt-to-equity ratio of 29.05, a quick ratio of 0.52 and a current ratio of 0.88. The company’s fifty day moving average is C$230.59 and its two-hundred day moving average is C$227.45.

Insider Buying and Selling at Thomson Reuters

In other news, Director Caroline Rogge sold 339 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of C$235.35, for a total value of C$79,782.97. In other news, Senior Officer Mary Alice Vuicic sold 6,062 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of C$235.62, for a total transaction of C$1,428,328.44. Also, Director Caroline Rogge sold 339 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of C$235.35, for a total value of C$79,782.97. Insiders sold a total of 11,711 shares of company stock worth $2,755,571 in the last 90 days. 69.76% of the stock is owned by corporate insiders.

About Thomson Reuters

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.