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

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

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

Thomson Reuters Stock Performance

Shares of TRI opened at C$231.81 on Wednesday. The stock has a 50-day moving average of C$230.59 and a 200-day moving average of C$227.45. Thomson Reuters has a one year low of C$176.41 and a one year 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 company has a market cap of C$104.25 billion, a PE ratio of 32.70, a P/E/G ratio of 3.64 and a beta of 0.40.

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 given a $0.73 dividend. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.20. This represents a $2.92 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Thursday, November 21st. Thomson Reuters’s dividend payout ratio is presently 41.33%.

Insiders Place Their Bets

In other news, Senior Officer Kirsty Roth sold 5,310 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of C$234.93, for a total value of C$1,247,459.18. In other Thomson Reuters news, Senior Officer Mary Alice Vuicic sold 6,062 shares of the company’s 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. Also, Senior Officer Kirsty Roth sold 5,310 shares of Thomson Reuters stock in a transaction 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. Insiders have sold 11,711 shares of company stock valued at $2,755,571 in the last three months. 69.76% of the stock is currently owned by insiders.

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.