Analysts Set Thomson Reuters Corp (TRI) Target Price at $54.08

Thomson Reuters Corp (TSE:TRI) (NYSE:TRI) has received a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$53.49.

A number of analysts recently issued reports on the company. Royal Bank of Canada raised their price target on Thomson Reuters Corp from C$59.00 to C$61.00 in a research report on Saturday, February 11th. TD Securities raised their price target on Thomson Reuters Corp from C$59.00 to C$61.00 in a research report on Friday, February 10th. Scotiabank reiterated a “sector perform” rating and set a C$43.00 target price on shares of Thomson Reuters Corp in a research report on Monday, February 6th. National Bank Financial upgraded Thomson Reuters Corp from a “sector perform market weight” rating to an “outperform market weight” rating in a research report on Monday. Finally, Berenberg Bank reiterated a “sell” rating and set a C$50.00 target price on shares of Thomson Reuters Corp in a research report on Thursday.

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In other news, Director Deirdre Stanley sold 9,393 shares of the firm’s stock in a transaction on Thursday, March 30th. The stock was sold at an average price of C$43.53, for a total transaction of C$408,877.29. Also, insider Woodbridge Company Limited The purchased 1,720 shares of the business’s stock in a transaction dated Tuesday, March 28th. The shares were purchased at an average price of C$58.46 per share, for a total transaction of C$100,551.20. Over the last quarter, insiders have sold 340,094 shares of company stock valued at $19,023,329.

Shares of Thomson Reuters Corp (TSE:TRI) traded down 0.03% during mid-day trading on Monday, hitting $57.57. 616,404 shares of the stock were exchanged. The stock’s 50-day moving average is $57.80 and its 200-day moving average is $57.23. The stock has a market capitalization of $41.86 billion and a price-to-earnings ratio of 13.92. Thomson Reuters Corp has a 52 week low of $50.01 and a 52 week high of $60.13.

About Thomson Reuters Corp

Thomson Reuters Corporation (Thomson Reuters) is a provider of news and information for professional markets. The Company is organized in three business units: Financial & Risk, Legal, and Tax & Accounting. The Financial & Risk segment is a provider of critical news, information and analytics, enabling transactions and connecting communities of trading, investment, financial and corporate professionals.

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