Thomson Reuters Co. (TSE:TRI) Given Average Rating of "Moderate Buy" by Analysts

Shares of Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI have earned a consensus recommendation of "Moderate Buy" from the nine brokerages that are presently covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is C$197.50.

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

Insider Activity at Thomson Reuters

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 transaction of C$1,428,328.44. Also, Director Caroline Rogge sold 339 shares of the company's stock in a transaction on Friday, September 13th. The stock was sold at an average price of C$235.35, for a total value of C$79,782.97. Over the last quarter, insiders sold 14,128 shares of company stock worth $3,155,777. Company insiders own 69.76% of the company's stock.

Thomson Reuters Trading Up 0.1 %

TSE TRI traded up C$0.15 during trading hours on Thursday, hitting C$237.25. 223,530 shares of the company were exchanged, compared to its average volume of 311,988. The stock has a 50-day moving average price of C$230.43 and a 200 day moving average price of C$229.30. 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 has a 52 week low of C$185.73 and a 52 week high of C$242.92. The stock has a market cap of C$106.69 billion, a PE ratio of 33.46, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40.

Thomson Reuters Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 21st will be issued a $0.73 dividend. This is a positive change from Thomson Reuters's previous quarterly dividend of $0.20. The ex-dividend date is Thursday, November 21st. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.23%. Thomson Reuters's payout ratio is presently 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.