Thomson Reuters (TSE:TRI) Price Target Raised to C$250.00 at TD Securities

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its target price hoisted by TD Securities from C$235.00 to C$250.00 in a report issued on Wednesday,BayStreet.CA reports.

A number of other research analysts have also recently commented on TRI. National Bank Financial upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Sunday, September 8th. National Bankshares boosted their price target on Thomson Reuters from C$219.00 to C$231.00 and gave the stock a “sector perform” rating in a research report on Friday, August 2nd. Finally, Scotiabank upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 27th. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$197.50.

Thomson Reuters Price Performance

Thomson Reuters stock opened at C$234.03 on Wednesday. The company has a quick ratio of 0.52, a current ratio of 0.88 and a debt-to-equity ratio of 29.05. The firm has a market capitalization of C$105.25 billion, a P/E ratio of 33.01, a PEG ratio of 3.64 and a beta of 0.40. The firm has a fifty day moving average of C$230.84 and a 200-day moving average of C$227.77. Thomson Reuters has a 52-week low of C$177.83 and a 52-week high of C$242.92.

Thomson Reuters Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Thursday, November 21st. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.20. Thomson Reuters’s dividend payout ratio (DPR) is 41.33%.

Insider Buying and Selling at Thomson Reuters

In other news, Senior Officer Kirsty Roth sold 5,310 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of C$234.93, for a total transaction of C$1,247,459.18. In related news, Senior Officer Kirsty Roth sold 5,310 shares of the business’s stock in a transaction dated 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. Also, Senior Officer Mary Alice Vuicic sold 6,062 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of C$235.62, for a total value of C$1,428,328.44. Insiders have sold a total of 11,711 shares of company stock valued at $2,755,571 in the last three months. Corporate 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.