Thomson Reuters Co. (TSE:TRI) Receives C$197.50 Average PT from Analysts

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) has been assigned an average recommendation of “Moderate Buy” from the nine research firms that are covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$197.50.

TRI has been the topic of several research reports. BMO Capital Markets lifted their price objective on shares of Thomson Reuters from C$251.00 to C$256.00 in a report on Wednesday, November 6th. TD Securities lifted their price target on Thomson Reuters from C$235.00 to C$250.00 in a report on Wednesday, November 6th. Wells Fargo & Company raised Thomson Reuters to a “hold” rating in a research report on Tuesday, November 26th. Finally, National Bank Financial raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Sunday, September 8th.

Insider Buying and Selling at Thomson Reuters

In other news, Senior Officer David Franklin Wong sold 2,417 shares of Thomson Reuters stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of C$165.58, for a total transaction of C$400,206.86. 69.76% of the stock is currently owned by company insiders.

Thomson Reuters Trading Down 0.3 %

TSE TRI opened at C$230.82 on Monday. Thomson Reuters has a one year low of C$190.89 and a one year high of C$243.42. 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 company has a market capitalization of C$103.80 billion, a price-to-earnings ratio of 32.56, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40. The company’s 50-day simple moving average is C$232.54 and its two-hundred day simple moving average is C$229.56.

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 21st were given a dividend of $0.73 per share. 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 1.27%. The ex-dividend date was Thursday, November 21st. Thomson Reuters’s dividend payout ratio is currently 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.