Thomson Reuters (TRI) Price Target Increased to C$87.00 by Analysts at BMO Capital Markets

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its target price raised by analysts at BMO Capital Markets from C$78.00 to C$87.00 in a note issued to investors on Thursday, April 18th, BayStreet.CA reports. BMO Capital Markets’ price objective indicates a potential upside of 1.28% from the stock’s current price.

TRI has been the subject of several other reports. National Bank Financial downgraded shares of Thomson Reuters from an “outperform” rating to a “sector perform” rating and set a C$78.00 price objective for the company. in a research note on Monday, March 25th. TD Securities upped their price objective on shares of Thomson Reuters from C$80.00 to C$81.00 and gave the stock a “buy” rating in a report on Wednesday, February 27th.

Shares of TRI traded up C$0.73 during mid-day trading on Thursday, reaching C$85.90. 606,800 shares of the stock traded hands, compared to its average volume of 538,246. Thomson Reuters has a 1 year low of C$51.45 and a 1 year high of C$86.08. The firm has a market capitalization of $42.35 billion and a P/E ratio of 14.53. The company has a debt-to-equity ratio of 35.68, a current ratio of 1.84 and a quick ratio of 1.66.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its quarterly earnings results on Tuesday, February 26th. The company reported C$0.26 earnings per share for the quarter, topping the consensus estimate of C$0.08 by C$0.18. The business had revenue of C$2.01 billion during the quarter, compared to the consensus estimate of C$2 billion. On average, analysts expect that Thomson Reuters will post 1.89000011756748 earnings per share for the current year.

In related news, Director Linda Walker sold 13,090 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of C$71.43, for a total transaction of C$934,955.87. Following the transaction, the director now owns 11,832 shares in the company, valued at C$845,102.97. Also, Director Deirdre Stanley sold 24,412 shares of the stock in a transaction that occurred on Wednesday, February 27th. The shares were sold at an average price of C$71.77, for a total transaction of C$1,752,100.41. Following the transaction, the director now owns 37,849 shares in the company, valued at approximately C$2,716,502.06. In the last quarter, insiders have sold 49,334 shares of company stock worth $3,573,235.

About Thomson Reuters

Thomson Reuters Corporation provides news and information-based tools to professionals worldwide. It operates through five segments: Legal Professionals, Corporates, Tax 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.

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