Thomson Reuters (TSE:TRI) Share Price Passes Below 200-Day Moving Average – Should You Sell?

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$229.43 and traded as low as C$220.45. Thomson Reuters shares last traded at C$221.65, with a volume of 351,986 shares traded.

Analyst Upgrades and Downgrades

TRI has been the subject of several research reports. BMO Capital Markets upped their price target on shares of Thomson Reuters from C$251.00 to C$256.00 in a research report on Wednesday, November 6th. TD Securities upped their target price on shares of Thomson Reuters from C$235.00 to C$250.00 in a report on Wednesday, November 6th. Finally, Wells Fargo & Company upgraded shares of Thomson Reuters to a “hold” rating in a research note on Tuesday, November 26th. Six equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Thomson Reuters presently has a consensus rating of “Moderate Buy” and an average price target of C$197.50.

Thomson Reuters Stock Performance

The company has a market cap of C$99.68 billion, a PE ratio of 31.26, a PEG ratio of 3.64 and a beta of 0.40. The company has a current ratio of 0.88, a quick ratio of 0.52 and a debt-to-equity ratio of 29.05. The business’s 50 day moving average is C$232.17 and its two-hundred day moving average is C$229.43.

Thomson Reuters Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st were given a $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 1.32%. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.20. The ex-dividend date was Thursday, November 21st. Thomson Reuters’s payout ratio is presently 41.33%.

Insider Transactions at Thomson Reuters

In related news, Senior Officer David Franklin Wong sold 2,417 shares of the company’s 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. Corporate insiders own 69.76% of the company’s stock.

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.