Thomson Reuters (TSE:TRI) Downgraded by TD Securities to “Hold”
TD Securities downgraded shares of Thomson Reuters (TSE:TRI) (NYSE:TRI) from a buy rating to a hold rating in a research report released on Wednesday, BayStreet.CA reports. TD Securities currently has C$94.00 price target on the stock, up from their prior price target of C$92.00.
A number of other analysts have also issued reports on TRI. BMO Capital Markets lifted their target price on Thomson Reuters from C$94.00 to C$95.00 in a research report on Friday, August 2nd. National Bank Financial lifted their target price on Thomson Reuters from C$90.00 to C$93.00 and gave the stock a sector perform rating in a research report on Sunday, August 4th.
TSE:TRI opened at C$87.34 on Wednesday. The business’s 50-day moving average is C$88.79 and its two-hundred day moving average is C$82.21. The company has a debt-to-equity ratio of 38.60, a current ratio of 1.93 and a quick ratio of 1.67. Thomson Reuters has a 12 month low of C$61.35 and a 12 month high of C$93.44. The firm has a market capitalization of $43.71 billion and a PE ratio of 13.13.
In related news, Director Richard Harrison King sold 25,135 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of C$87.86, for a total value of C$2,208,433.89. Following the completion of the sale, the director now directly owns 34,838 shares of the company’s stock, valued at C$3,060,967.57. Also, Director Brian S. Peccarelli sold 16,354 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of C$88.97, for a total value of C$1,454,982.67.
About Thomson Reuters
Thomson Reuters Corporation provides news and information-based tools to professionals worldwide. It operates through five segments: Legal Professionals, Corporates, Tax 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.
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