Thomson Reuters (TSE:TRI) Insider Sells 65,000 Shares

Thomson Reuters Co. (TSE:TRI - Get Free Report) (NYSE:TRI) insider The Woodbridge Company Limited sold 65,000 shares of the stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of C$145.38, for a total value of C$9,449,700.00. Following the completion of the transaction, the insider directly owned 306,093,126 shares in the company, valued at approximately C$44,499,818,657.88. This trade represents a 0.02% decrease in their position.

The Woodbridge Company Limited also recently made the following trade(s):

• On Tuesday, August 25th, The Woodbridge Company Limited sold 80,000 shares of Thomson Reuters stock. The stock was sold at an average price of C$145.64, for a total value of C$11,651,200.00.
• On Tuesday, August 25th, The Woodbridge Company Limited sold 120,000 shares of Thomson Reuters stock. The shares were sold at an average price of C$148.19, for a total value of C$17,782,800.00.

Thomson Reuters Price Performance

Shares of TRI stock opened at C$145.11 on Friday. Thomson Reuters Co. has a twelve month low of C$107.91 and a twelve month high of C$248.50. The stock has a market capitalization of C$62.87 billion, a price-to-earnings ratio of 38.63, a P/E/G ratio of 3.64 and a beta of 0.08. The stock has a fifty day simple moving average of C$133.23 and a two-hundred day simple moving average of C$127.05. The company has a current ratio of 0.51, a quick ratio of 0.52 and a debt-to-equity ratio of 28.56.

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Thomson Reuters (TSE:TRI - Get Free Report) (NYSE:TRI) last announced its quarterly earnings results on Wednesday, August 5th. The company reported C$1.41 EPS for the quarter. The firm had revenue of C$2.78 billion for the quarter. Thomson Reuters had a return on equity of 14.27% and a net margin of 21.22%. On average, analysts predict that Thomson Reuters Co. will post 5.6395803 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on TRI. Scotia cut their target price on shares of Thomson Reuters from C$156.00 to C$138.00 and set a "sector outperform" rating on the stock in a research report on Wednesday, May 6th. National Bank Financial upped their price target on shares of Thomson Reuters from C$171.00 to C$180.00 and gave the stock an "outperform" rating in a research report on Thursday, August 6th. Finally, TD increased their price objective on shares of Thomson Reuters from C$185.00 to C$200.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of C$166.33.

Get Our Latest Analysis on TRI

Thomson Reuters Company Profile

(Get Free Report)

Thomson Reuters (TSX/Nasdaq: TRI) powers business-critical professions with trusted AI technology built for high-stakes work. The company serves professionals across legal, tax, audit, accounting, compliance, government, and media with products that combine highly specialized software, authoritative content, and deep domain expertise. Reuters, part of Thomson Reuters, is a world-leading provider of trusted journalism and news.

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