Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$229.55 and traded as high as C$235.02. Thomson Reuters shares last traded at C$234.13, with a volume of 56,582 shares traded.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on TRI. Scotiabank upgraded Thomson Reuters from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 27th. Wells Fargo & Company upgraded shares of Thomson Reuters to a "hold" rating in a research report on Tuesday, November 26th. BMO Capital Markets increased their price objective on shares of Thomson Reuters from C$251.00 to C$256.00 in a report on Wednesday, November 6th. TD Securities boosted their target price on shares of Thomson Reuters from C$235.00 to C$250.00 in a research note on Wednesday, November 6th. Finally, National Bank Financial raised shares of Thomson Reuters from a "hold" rating to a "strong-buy" rating in a research note on Sunday, September 8th. Six investment analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Thomson Reuters presently has an average rating of "Moderate Buy" and an average target price of C$197.50.
Get Our Latest Stock Analysis on TRI
Thomson Reuters Stock Down 0.2 %
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 market cap of C$105.29 billion, a P/E ratio of 33.02, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40. The firm's 50 day moving average price is C$232.47 and its 200-day moving average price is C$229.58.
Thomson Reuters Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 21st were issued a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend was Thursday, November 21st. This is a positive change from Thomson Reuters's previous quarterly dividend of $0.20. Thomson Reuters's payout ratio is currently 41.33%.
Insider Buying and Selling at Thomson Reuters
In related 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. Corporate insiders own 69.76% of the company's stock.
About Thomson Reuters
(
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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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