BMO Capital Markets Boosts Thomson Reuters (TRI) Price Target to C$73.00
Thomson Reuters (TSE:TRI) (NYSE:TRI) had its price target lifted by stock analysts at BMO Capital Markets from C$69.00 to C$73.00 in a report issued on Wednesday. BMO Capital Markets’ target price indicates a potential upside of 7.12% from the stock’s current price.
A number of other brokerages have also commented on TRI. National Bank Financial lifted their price target on Thomson Reuters from C$69.00 to C$73.00 and gave the stock an “outperform” rating in a report on Wednesday. TD Securities lifted their price target on Thomson Reuters from C$69.00 to C$80.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Berenberg Bank dropped their price target on Thomson Reuters from C$45.00 to C$44.00 in a report on Thursday, August 30th.
TRI stock opened at C$68.15 on Wednesday. Thomson Reuters has a twelve month low of C$46.69 and a twelve month high of C$68.70. The company has a quick ratio of 0.21, a current ratio of 2.45 and a debt-to-equity ratio of 58.70.
In related news, insider Brian Louis Scanlon sold 43,797 shares of Thomson Reuters stock in a transaction on Thursday, November 8th. The stock was sold at an average price of C$47.61, for a total transaction of C$2,085,175.17. Also, Director Ruth Clamp-Held sold 2,592 shares of Thomson Reuters stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of C$51.44, for a total value of C$133,332.48. Insiders have sold 186,665 shares of company stock worth $8,751,016 over the last quarter.
About Thomson Reuters
Thomson Reuters Corporation provides news and information for professional markets worldwide. The company operates through three segments: Financial & Risk, Legal, and Tax & Accounting. It sells electronic content and services to professionals primarily on a subscription basis. The Financial & Risk segment offers critical news, information, and analytics enabling transactions and connecting communities of trading, investment, financial, and corporate professionals.
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