Analysts Set Thomson Reuters Co. (TSE:TRI) PT at C$197.50

Shares of Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) have been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$197.50.

A number of equities analysts have weighed in on TRI shares. National Bankshares upped their target price on Thomson Reuters from C$219.00 to C$231.00 and gave the stock a “sector perform” rating in a research note on Friday, August 2nd. National Bank Financial raised shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Sunday, September 8th. BMO Capital Markets boosted their price target on shares of Thomson Reuters from C$251.00 to C$256.00 in a research note on Wednesday, November 6th. TD Securities raised their price objective on shares of Thomson Reuters from C$235.00 to C$250.00 in a research report on Wednesday, November 6th. Finally, Scotiabank raised shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 27th.

Insiders Place Their Bets

In other Thomson Reuters news, Senior Officer Mary Alice Vuicic sold 6,062 shares of the stock in a transaction 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. In other news, Senior Officer Kirsty Roth sold 5,310 shares of the business’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. Also, Senior Officer Mary Alice Vuicic sold 6,062 shares of the company’s 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. In the last quarter, insiders have sold 14,128 shares of company stock worth $3,155,777. Company insiders own 69.76% of the company’s stock.

Thomson Reuters Stock Up 0.3 %

Shares of TSE TRI opened at C$236.50 on Friday. 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 company has a market cap of C$106.36 billion, a P/E ratio of 33.36, a P/E/G ratio of 3.64 and a beta of 0.40. Thomson Reuters has a 52 week low of C$180.16 and a 52 week high of C$242.92. The business has a 50-day simple moving average of C$230.96 and a two-hundred day simple moving average of C$228.11.

Thomson Reuters Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 21st will be paid a $0.73 dividend. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.20. This represents a $2.92 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Thursday, November 21st. Thomson Reuters’s dividend payout ratio is presently 41.33%.

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.