Thomson Reuters (TRI) Trading Up 6.4%

Shares of Thomson Reuters Corp (TSE:TRI) (NYSE:TRI) were up 6.4% during trading on Tuesday . The company traded as high as C$59.33 and last traded at C$57.02. Approximately 2,307,628 shares changed hands during mid-day trading, an increase of 246% from the average daily volume of 667,186 shares. The stock had previously closed at C$53.59.

A number of analysts have recently commented on TRI shares. Scotiabank upgraded shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating and set a C$69.00 price target for the company in a research note on Tuesday, October 17th. TD Securities reduced their price target on shares of Thomson Reuters from C$65.00 to C$64.00 and set a “buy” rating for the company in a research note on Thursday, November 2nd. Royal Bank of Canada reduced their price target on shares of Thomson Reuters to C$60.50 and set a “sector perform” rating for the company in a research note on Thursday, November 2nd. Finally, National Bank Financial lifted their price target on shares of Thomson Reuters from C$66.00 to C$69.00 and gave the stock an “outperform” rating in a research note on Thursday, November 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of C$62.25.

The company has a market cap of $39,660.00, a PE ratio of 29.09 and a beta of 0.36.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its earnings results on Wednesday, November 1st. The company reported C$0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.73 by C$0.12. Thomson Reuters had a net margin of 12.43% and a return on equity of 10.43%.

In other Thomson Reuters news, insider Woodbridge Company Limited The bought 1,778 shares of the business’s stock in a transaction that occurred on Thursday, November 23rd. The stock was bought at an average cost of C$56.55 per share, for a total transaction of C$100,545.90.

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Thomson Reuters Company Profile

Thomson Reuters Corp (Thomson Reuters) is a Canada-based 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 unit 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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