Thomson Reuters Co. (TSE:TRI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) have received a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$252.40.

TRI has been the topic of a number of recent research reports. Scotiabank lowered Thomson Reuters from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 2nd. BMO Capital Markets boosted their price objective on Thomson Reuters from C$265.00 to C$280.00 and gave the stock an “outperform” rating in a research note on Friday, May 2nd. Bank of America set a C$255.00 price objective on Thomson Reuters and gave the stock a “neutral” rating in a research note on Thursday, April 10th. Finally, Canaccord Genuity Group boosted their price objective on Thomson Reuters from C$175.00 to C$181.00 and gave the stock a “hold” rating in a research note on Friday, May 2nd.

Insider Activity

In other news, Director Kerry Hendrikx sold 1,500 shares of the company’s stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of C$247.06, for a total value of C$370,591.65. Also, Senior Officer Kirsty Roth sold 16,233 shares of the company’s stock in a transaction on Friday, May 2nd. The shares were sold at an average price of C$252.58, for a total value of C$4,100,153.87. Insiders have sold a total of 30,727 shares of company stock valued at $7,941,692 in the last quarter. Insiders own 69.76% of the company’s stock.

Thomson Reuters Stock Down 0.4%

Shares of TRI opened at C$266.18 on Monday. The company has a debt-to-equity ratio of 24.28, a quick ratio of 0.52 and a current ratio of 0.94. Thomson Reuters has a one year low of C$214.51 and a one year high of C$273.59. The stock has a market capitalization of C$84.09 billion, a price-to-earnings ratio of 40.08, a PEG ratio of 3.64 and a beta of 0.40. The stock has a 50 day moving average price of C$261.73 and a 200 day moving average price of C$248.51.

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.