BMO Capital Markets Increases Thomson Reuters (TSE:TRI) Price Target to C$265.00

Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI had its target price upped by BMO Capital Markets from C$260.00 to C$265.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. BMO Capital Markets' price target would indicate a potential upside of 3.78% from the company's current price.

A number of other equities research analysts also recently issued reports on TRI. Wells Fargo & Company upgraded shares of Thomson Reuters to a "hold" rating in a report on Tuesday, November 26th. TD Securities boosted their target price on shares of Thomson Reuters from C$250.00 to C$260.00 and gave the stock a "hold" rating in a research report on Friday. Finally, National Bankshares boosted their target price on shares of Thomson Reuters from C$260.00 to C$286.00 and gave the stock an "outperform" rating in a research report on Friday. Two analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of C$270.33.

Thomson Reuters Price Performance

TRI traded down C$0.72 during midday trading on Friday, reaching C$255.35. 144,949 shares of the company's stock were exchanged, compared to its average volume of 300,087. The company has a debt-to-equity ratio of 29.05, a current ratio of 0.88 and a quick ratio of 0.52. The stock has a market capitalization of C$114.83 billion, a PE ratio of 36.02, a P/E/G ratio of 3.64 and a beta of 0.40. The business's 50-day moving average price is C$235.86 and its 200 day moving average price is C$230.94. Thomson Reuters has a 1-year low of C$204.21 and a 1-year high of C$256.51.

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

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.