Thomson Reuters (TSE:TRI) Price Target Raised to C$260.00

Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI had its price target raised by investment analysts at TD Securities from C$250.00 to C$260.00 in a report issued on Friday,BayStreet.CA reports. The firm currently has a "hold" rating on the stock. TD Securities' target price would indicate a potential upside of 1.82% from the company's previous close.

Several other brokerages also recently issued reports on TRI. Wells Fargo & Company upgraded shares of Thomson Reuters to a "hold" rating in a research note on Tuesday, November 26th. BMO Capital Markets raised their price objective on shares of Thomson Reuters from C$251.00 to C$256.00 in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Thomson Reuters currently has an average rating of "Buy" and an average target price of C$270.33.

Thomson Reuters Stock Performance

TRI stock traded down C$0.72 during midday trading on Friday, hitting C$255.35. 144,949 shares of the company traded hands, compared to its average volume of 300,087. Thomson Reuters has a twelve month low of C$204.21 and a twelve month high of C$256.51. The company has a quick ratio of 0.52, a current ratio of 0.88 and a debt-to-equity ratio of 29.05. The business has a 50 day simple moving average of C$235.86 and a 200-day simple moving average of C$230.94. The stock has a market capitalization of C$114.83 billion, a price-to-earnings ratio of 36.02, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40.

Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI last announced its quarterly earnings results on Thursday, February 6th. The company reported C$1.01 EPS for the quarter, beating the consensus estimate of C$0.97 by C$0.04. Thomson Reuters had a return on equity of 20.41% and a net margin of 33.65%. During the same quarter in the prior year, the firm earned $0.98 EPS. As a group, equities research analysts predict that Thomson Reuters will post 5.6395803 earnings per share for the current year.

Thomson Reuters Company Profile

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.