Thomson Reuters (TSE:TRI) Raised to "Hold" at Wells Fargo & Company

Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI was upgraded by Wells Fargo & Company to a "hold" rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

A number of other brokerages have also issued reports on TRI. BMO Capital Markets increased their target price on shares of Thomson Reuters from C$251.00 to C$256.00 in a research report on Wednesday, November 6th. National Bankshares raised their price objective on Thomson Reuters from C$219.00 to C$231.00 and gave the stock a "sector perform" rating in a research note on Friday, August 2nd. TD Securities upped their target price on Thomson Reuters from C$235.00 to C$250.00 in a research report on Wednesday, November 6th. Scotiabank upgraded Thomson Reuters from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 27th. Finally, National Bank Financial raised Thomson Reuters from a "hold" rating to a "strong-buy" rating in a research note on Sunday, September 8th. Six investment analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of C$197.50.

Thomson Reuters Trading Up 0.8 %

Shares of Thomson Reuters stock opened at C$226.20 on Tuesday. The company has a debt-to-equity ratio of 29.05, a quick ratio of 0.52 and a current ratio of 0.88. The firm has a 50-day moving average of C$230.50 and a 200-day moving average of C$229.21. Thomson Reuters has a 52-week low of C$185.73 and a 52-week high of C$242.92. The stock has a market cap of C$101.72 billion, a PE ratio of 31.90, a PEG ratio of 3.64 and a beta of 0.40.

Insider Activity

In other Thomson Reuters news, Senior Officer Kirsty Roth sold 5,310 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of C$234.93, for a total value of C$1,247,459.18. Also, Senior Officer Mary Alice Vuicic sold 6,062 shares of Thomson Reuters stock in a transaction dated Monday, September 16th. The shares were sold at an average price of C$235.62, for a total value of C$1,428,328.44. In the last three months, insiders have sold 14,128 shares of company stock worth $3,155,777. Corporate insiders own 69.76% of the company's stock.

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.

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