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

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

TRI has been the subject of several recent analyst reports. TD Securities raised their target price on Thomson Reuters from C$235.00 to C$250.00 in a research note on Wednesday, November 6th. National Bank Financial upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Sunday, September 8th. BMO Capital Markets upped their target price on Thomson Reuters from C$251.00 to C$256.00 in a research report on Wednesday, November 6th. Wells Fargo & Company raised shares of Thomson Reuters to a “hold” rating in a research report on Tuesday, November 26th. Finally, Scotiabank raised shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 27th.

Thomson Reuters Price Performance

TRI opened at C$239.74 on Thursday. Thomson Reuters has a twelve month low of C$185.73 and a twelve month high of C$242.92. The firm has a market cap of C$107.81 billion, a price-to-earnings ratio of 33.81, 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 company has a fifty day simple moving average of C$230.77 and a 200 day simple moving average of C$229.40.

Thomson Reuters Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st will be issued a $0.73 dividend. The ex-dividend date is Thursday, November 21st. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.20. This represents a $2.92 annualized dividend and a dividend yield of 1.22%. Thomson Reuters’s payout ratio is 41.33%.

Insider Activity at Thomson Reuters

In related news, Senior Officer Mary Alice Vuicic sold 6,062 shares of the stock in a transaction dated 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. Also, Director Caroline Rogge sold 339 shares of the business’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. Insiders sold a total of 14,128 shares of company stock valued at $3,155,777 in the last quarter. 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.