Analysts Set Thomson Reuters Co. (TSE:TRI) Price Target at C$197.50

Shares of Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI have earned an average recommendation of "Moderate Buy" from the eight research firms that are covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$197.50.

TRI has been the subject of several research reports. 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 raised their price objective on Thomson Reuters from C$251.00 to C$256.00 in a report on Wednesday. TD Securities upped their target price on shares of Thomson Reuters from C$235.00 to C$250.00 in a report on Wednesday. Scotiabank raised shares of Thomson Reuters from a "hold" rating to a "strong-buy" rating in a research note 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 company a "sector perform" rating in a research note on Friday, August 2nd.

Insider Buying and Selling

In related news, Senior Officer Mary Alice Vuicic sold 6,062 shares of the company's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of C$235.62, for a total transaction of C$1,428,328.44. In other Thomson Reuters news, Senior Officer David Franklin Wong sold 2,417 shares of the stock in a transaction that occurred 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. Also, Senior Officer Mary Alice Vuicic sold 6,062 shares of the business's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of C$235.62, for a total transaction of C$1,428,328.44. Insiders sold 14,128 shares of company stock valued at $3,155,777 in the last three months. 69.76% of the stock is owned by corporate insiders.

Thomson Reuters Stock Performance

Shares of TRI traded up C$0.50 during trading hours on Friday, hitting C$234.03. The stock had a trading volume of 205,000 shares, compared to its average volume of 311,758. The firm 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 company has a debt-to-equity ratio of 29.05, a quick ratio of 0.52 and a current ratio of 0.88. The firm has a 50-day moving average price of C$230.84 and a 200 day moving average price of C$227.91. Thomson Reuters has a fifty-two week low of C$177.83 and a fifty-two week high of C$242.92.

Thomson Reuters Increases Dividend

The business 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 represents a $2.92 dividend on an annualized basis and a dividend yield of 1.25%. This is a positive change from Thomson Reuters's previous quarterly dividend of $0.20. Thomson Reuters's dividend 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.