Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI Senior Officer David Franklin Wong sold 2,417 shares of Thomson Reuters stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of C$165.58, for a total value of C$400,206.86.
Thomson Reuters Stock Performance
Shares of TSE:TRI traded up C$0.50 during trading on Friday, hitting C$234.03. 205,000 shares of the company traded hands, compared to its average volume of 311,758. The stock has a market capitalization of C$105.25 billion, a price-to-earnings ratio of 33.01, a PEG ratio of 3.64 and a beta of 0.40. The business's fifty day moving average is C$230.84 and its 200-day moving average is C$227.77. Thomson Reuters Co. has a one year low of C$177.83 and a one year high of C$242.92. The company has a quick ratio of 0.52, a current ratio of 0.88 and a debt-to-equity ratio of 29.05.
Thomson Reuters Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders 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 is an increase from Thomson Reuters's previous quarterly dividend of $0.20. This represents a $2.92 annualized dividend and a dividend yield of 1.25%. Thomson Reuters's payout ratio is currently 41.33%.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on the company. National Bank Financial upgraded Thomson Reuters from a "hold" rating to a "strong-buy" rating in a report on Sunday, September 8th. National Bankshares lifted their target price on Thomson Reuters from C$219.00 to C$231.00 and gave the company a "sector perform" rating in a report on Friday, August 2nd. TD Securities boosted their price objective on Thomson Reuters from C$235.00 to C$250.00 in a research note on Wednesday. BMO Capital Markets boosted their price objective on Thomson Reuters from C$251.00 to C$256.00 in a research note on Wednesday. Finally, Scotiabank upgraded Thomson Reuters from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 27th. Five investment 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. According to MarketBeat, Thomson Reuters has a consensus rating of "Moderate Buy" and an average target price of C$197.50.
Check Out Our Latest Stock Report on TRI
Thomson Reuters Company Profile
(
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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.
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