Thomson Reuters (TSE:TRI) Sets New 12-Month Low – Here’s What Happened

by · The Cerbat Gem

Thomson Reuters Co. (TSE:TRI – Get Free Report) (NYSE:TRI)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$184.81 and last traded at C$185.82, with a volume of 22547 shares traded. The stock had previously closed at C$186.49.

Analysts Set New Price Targets

TRI has been the topic of several research reports. The Goldman Sachs Group upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. Huber Research upgraded shares of Thomson Reuters to a “strong-buy” rating in a report on Monday, October 20th. TD Securities upgraded Thomson Reuters from a “hold” rating to a “buy” rating and upped their price target for the stock from C$275.00 to C$285.00 in a research note on Thursday, August 28th. Scotiabank raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 6th. Finally, Wells Fargo & Company raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 9th. Six investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy” and a consensus target price of C$265.80.

Read Our Latest Report on TRI

Thomson Reuters Trading Down 0.4%

The company has a debt-to-equity ratio of 24.28, a quick ratio of 0.52 and a current ratio of 0.94. The firm has a market cap of C$83.03 billion, a P/E ratio of 47.98, a price-to-earnings-growth ratio of 3.64 and a beta of 0.33. The stock has a fifty day simple moving average of C$206.72 and a 200 day simple moving average of C$241.12.

Thomson Reuters (TSE:TRI – Get Free Report) (NYSE:TRI) last issued its earnings results on Tuesday, November 4th. The company reported C$0.85 earnings per share for the quarter. The business had revenue of C$2.48 billion during the quarter. Thomson Reuters had a return on equity of 20.19% and a net margin of 32.12%. On average, research analysts expect that Thomson Reuters Co. will post 5.6395803 earnings per share for the current fiscal year.

About Thomson Reuters

(Get Free Report)

Thomson Reuters is the result of the $17.6 billion megamerger of Canada’s Thomson and the United Kingdom’s Reuters Group in 2008 and the 2018 carve-out of its finance and risk business, Refinitiv, in which it holds a 45% stake. In 2019, the company agreed to exchange its 45% stake in Refinitiv for a 15% stake in LSE.

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