Thomson Reuters (TSE:TRI) Price Target Raised to C$256.00

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its target price boosted by BMO Capital Markets from C$251.00 to C$256.00 in a report published on Wednesday,BayStreet.CA reports.

A number of other research firms have also recently issued reports on TRI. National Bankshares lifted their price objective on Thomson Reuters from C$219.00 to C$231.00 and gave the company a “sector perform” rating in a research report on Friday, August 2nd. Scotiabank upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 27th. National Bank Financial upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Sunday, September 8th. Finally, TD Securities lifted their target price on shares of Thomson Reuters from C$235.00 to C$250.00 in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$197.50.

Thomson Reuters Trading Up 0.2 %

TSE:TRI opened at C$234.03 on Wednesday. The stock has a market cap of C$105.25 billion, a PE ratio of 33.01, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40. Thomson Reuters has a fifty-two week low of C$177.83 and a fifty-two week high of C$242.92. 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’s 50-day moving average is C$230.84 and its two-hundred day moving average is C$227.77.

Thomson Reuters Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 21st will be issued a $0.73 dividend. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.20. This represents a $2.92 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Thursday, November 21st. Thomson Reuters’s payout ratio is 41.33%.

Insider Buying and Selling at Thomson Reuters

In other news, Senior Officer Kirsty Roth sold 5,310 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of C$234.93, for a total value of C$1,247,459.18. In other Thomson Reuters news, Director Caroline Rogge sold 339 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of C$235.35, for a total value of C$79,782.97. Also, Senior Officer Kirsty Roth sold 5,310 shares of the company’s stock in a transaction that occurred on 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. Insiders have sold a total of 11,711 shares of company stock worth $2,755,571 over the last 90 days. Insiders own 69.76% of the company’s stock.

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.