Thomson Reuters Co. (TSE:TRI) Receives C$197.50 Consensus Target Price from Analysts

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) has been given a consensus recommendation of “Moderate Buy” by the nine analysts that are currently covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$197.50.

Several research analysts have commented on TRI shares. TD Securities lifted their price target on Thomson Reuters from C$235.00 to C$250.00 in a research report on Wednesday, November 6th. Scotiabank raised shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 27th. National Bank Financial raised shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Sunday, September 8th. Wells Fargo & Company upgraded shares of Thomson Reuters to a “hold” rating in a research report on Tuesday, November 26th. Finally, BMO Capital Markets boosted their price target on Thomson Reuters from C$251.00 to C$256.00 in a research note on Wednesday, November 6th.

Insider Buying and Selling

In related news, Director Caroline Rogge sold 339 shares of the 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 transaction of C$79,782.97. Also, Senior Officer Mary Alice Vuicic sold 6,062 shares of the firm’s stock in a transaction on 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. Insiders sold 14,128 shares of company stock worth $3,155,777 in the last 90 days. 69.76% of the stock is owned by company insiders.

Thomson Reuters Trading Up 1.9 %

Thomson Reuters stock opened at C$241.65 on Thursday. Thomson Reuters has a 52 week low of C$185.73 and a 52 week high of C$242.92. 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 market capitalization of C$108.67 billion, a PE ratio of 34.08, a PEG ratio of 3.64 and a beta of 0.40. The business’s 50-day simple moving average is C$230.63 and its 200-day simple moving average is C$229.38.

Thomson Reuters Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st will be issued a $0.73 dividend. The ex-dividend date is Thursday, November 21st. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.20. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.21%. Thomson Reuters’s dividend payout ratio is presently 41.33%.

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.