Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$229.43 and traded as low as C$220.45. Thomson Reuters shares last traded at C$221.65, with a volume of 351,986 shares.
Wall Street Analyst Weigh In
Several brokerages have commented on TRI. TD Securities boosted their target price on Thomson Reuters from C$235.00 to C$250.00 in a research note on Wednesday, November 6th. Wells Fargo & Company raised Thomson Reuters to a "hold" rating in a research note on Tuesday, November 26th. Finally, BMO Capital Markets upped their price objective on Thomson Reuters from C$251.00 to C$256.00 in a research note on Wednesday, November 6th. Six research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of C$197.50.
Check Out Our Latest Stock Analysis on Thomson Reuters
Thomson Reuters Stock Up 1.9 %
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 stock has a market capitalization of C$101.56 billion, a PE ratio of 31.85, a P/E/G ratio of 3.64 and a beta of 0.40. The stock's fifty day simple moving average is C$232.17 and its 200-day simple moving average is C$229.43.
Thomson Reuters Increases Dividend
The company also recently disclosed 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 1.29%. This is an increase from Thomson Reuters's previous quarterly dividend of $0.20. The ex-dividend date was Thursday, November 21st. Thomson Reuters's payout ratio is currently 41.33%.
Insider Buying and Selling
In related news, Senior Officer David Franklin Wong sold 2,417 shares of the business's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of C$165.58, for a total value of C$400,206.86. 69.76% of the stock is owned by insiders.
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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