Thomson Reuters (TSE:TRI) Price Target Raised to C$95.00

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its target price increased by National Bank Financial from C$90.00 to C$95.00 in a research note released on Thursday, BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock.

TRI has been the subject of a number of other reports. BMO Capital Markets decreased their price target on Pentair to $39.00 and set a market perform rating for the company in a research note on Thursday, April 18th. TD Securities lowered Tricon Capital Group from an action list buy rating to a buy rating and decreased their price target for the stock from C$14.50 to C$13.50 in a research note on Thursday, May 9th.

Shares of TRI stock traded up C$4.01 on Thursday, reaching C$92.89. 536,869 shares of the company’s stock were exchanged, compared to its average volume of 526,118. Thomson Reuters has a 52 week low of C$58.43 and a 52 week high of C$92.89. The company has a quick ratio of 1.58, a current ratio of 1.84 and a debt-to-equity ratio of 38.83. The company has a market cap of $44.69 billion and a PE ratio of 13.03. The business has a fifty day moving average of C$87.18.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its quarterly earnings results on Wednesday, May 8th. The company reported C$0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.30 by C$0.18. The business had revenue of C$1.98 billion for the quarter, compared to the consensus estimate of C$1.96 billion. Equities analysts predict that Thomson Reuters will post 1.9199999 EPS for the current year.

In other Thomson Reuters news, Director Marc E. Gold sold 3,548 shares of the firm’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of C$86.20, for a total transaction of C$305,823.41. Following the transaction, the director now directly owns 7,001 shares in the company, valued at approximately C$603,458.20. Also, Director Deirdre Stanley sold 16,979 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of C$83.85, for a total value of C$1,423,628.03. Following the transaction, the director now owns 88,068 shares in the company, valued at C$7,384,184.76.

Thomson Reuters Company Profile

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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