Thomson Reuters Co. (TSE:TRI) Receives C$197.50 Consensus PT from Analysts

Shares of Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) have received an average recommendation of “Moderate Buy” from the nine research firms that are presently covering the company, Marketbeat reports. Six 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. The average 1-year price target among brokers that have covered the stock in the last year is C$197.50.

A number of equities research analysts have recently issued reports on the stock. National Bank Financial raised shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Sunday, September 8th. BMO Capital Markets boosted their price target on Thomson Reuters from C$251.00 to C$256.00 in a report on Wednesday, November 6th. TD Securities raised their price objective on Thomson Reuters from C$235.00 to C$250.00 in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company upgraded Thomson Reuters to a “hold” rating in a research note on Tuesday, November 26th.

Insiders Place Their Bets

In other news, Senior Officer David Franklin Wong sold 2,417 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of C$165.58, for a total transaction of C$400,206.86. 69.76% of the stock is currently owned by corporate insiders.

Thomson Reuters Stock Performance

Shares of TSE TRI opened at C$234.36 on Monday. The company has a current ratio of 0.88, a quick ratio of 0.52 and a debt-to-equity ratio of 29.05. Thomson Reuters has a 12-month low of C$191.40 and a 12-month high of C$243.42. The firm has a market capitalization of C$105.39 billion, a price-to-earnings ratio of 33.06, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40. The firm has a 50 day moving average of C$232.63 and a 200 day moving average of C$229.51.

Thomson Reuters Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 21st were issued a $0.73 dividend. The ex-dividend date was Thursday, November 21st. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.20. This represents a $2.92 dividend on an annualized basis and a yield of 1.25%. Thomson Reuters’s payout ratio is currently 41.33%.

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.