Key Points
- Director Peter Thomson purchased 134 shares of Thomson Reuters at an average price of C$145.42, investing C$19,486.28 and increasing his direct holdings by 6.79% to 2,108 shares.
- Thomson Reuters shares opened at C$132.18, down 5.0%, with a market capitalization of approximately C$57.26 billion. The stock has traded between C$107.91 and C$230.00 over the past year.
- Analysts remain broadly positive, with an overall “Buy” consensus and an average target price of C$166.33; recent upgrades included National Bank Financial raising its target to C$180 and TD setting a C$200 target.
Thomson Reuters Co. (TSE:TRI - Get Free Report) (NYSE:TRI) Director Peter Thomson purchased 134 shares of the business's stock in a transaction that occurred on Tuesday, September 15th. The shares were purchased at an average price of C$145.42 per share, for a total transaction of C$19,486.28. Following the completion of the acquisition, the director directly owned 2,108 shares in the company, valued at C$306,545.36. The trade was a 6.79% increase in their position.
Thomson Reuters Stock Down 5.0%
Shares of TSE TRI opened at C$132.18 on Friday. The company has a debt-to-equity ratio of 28.56, a current ratio of 0.51 and a quick ratio of 0.52. The company has a market cap of C$57.26 billion, a P/E ratio of 35.19, a PEG ratio of 3.64 and a beta of 0.07. Thomson Reuters Co. has a 1 year low of C$107.91 and a 1 year high of C$230.00. The firm has a 50-day simple moving average of C$140.39 and a two-hundred day simple moving average of C$129.37.
Thomson Reuters (TSE:TRI - Get Free Report) (NYSE:TRI) last released its 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%. Research analysts anticipate that Thomson Reuters Co. will post 5.6395803 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on TRI. National Bank Financial boosted their price objective on Thomson Reuters from C$171.00 to C$180.00 and gave the company an "outperform" rating in a report on Thursday, August 6th. TD set a C$200.00 target price on Thomson Reuters and gave the stock a "buy" rating in a research report on Thursday, September 10th. Three investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of C$166.33.
Check Out Our Latest Research Report on TRI
Thomson Reuters Company Profile
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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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