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

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) has received an average rating of “Moderate Buy” from the nine analysts that are covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$197.50.

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

Thomson Reuters Stock Down 0.3 %

TSE TRI opened at C$230.82 on Monday. The stock has a 50 day moving average price of C$232.54 and a 200-day moving average price of C$229.56. 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 P/E ratio of 32.56, a P/E/G ratio of 3.64 and a beta of 0.40.

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st were paid a dividend of $0.73 per share. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.27%. Thomson Reuters’s dividend payout ratio is currently 41.33%.

Insider Transactions at Thomson Reuters

In related news, Senior Officer David Franklin Wong sold 2,417 shares of Thomson Reuters stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of C$165.58, for a total transaction of C$400,206.86. Company 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.