Thomson Reuters (TSE:TRI) Given New C$256.00 Price Target at BMO Capital Markets

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its price target upped by BMO Capital Markets from C$251.00 to C$256.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports.

A number of other equities analysts also recently commented on TRI. National Bankshares lifted 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 note on Friday, August 2nd. TD Securities lifted their target price on Thomson Reuters from C$235.00 to C$250.00 in a research report on Wednesday. National Bank Financial upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Sunday, September 8th. Finally, Scotiabank upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note 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 MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$197.50.

Thomson Reuters Trading Up 0.2 %

TRI opened at C$234.03 on Wednesday. Thomson Reuters has a 12-month low of C$177.83 and a 12-month high of C$242.92. The company has a debt-to-equity ratio of 29.05, a current ratio of 0.88 and a quick ratio of 0.52. The stock has a market capitalization of C$105.25 billion, a PE ratio of 33.01, a P/E/G ratio of 3.64 and a beta of 0.40. The firm’s fifty day moving average price is C$230.84 and its 200 day moving average price is C$227.77.

Thomson Reuters Increases Dividend

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

Insiders Place Their Bets

In other news, Director Caroline Rogge sold 339 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of C$235.35, for a total transaction of C$79,782.97. In related news, Director Caroline Rogge sold 339 shares of the firm’s 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 value of C$79,782.97. Also, Senior Officer Mary Alice Vuicic sold 6,062 shares of Thomson Reuters 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 have sold 14,128 shares of company stock valued at $3,155,777 over the last three months. 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.