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

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) has received a consensus rating of “Moderate Buy” from the nine analysts that are covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$197.50.

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

Thomson Reuters Stock Performance

Shares of TRI stock opened at C$234.36 on Monday. The company’s fifty day moving average price is C$232.57 and its 200-day moving average price is C$229.55. The stock has a market cap of C$105.39 billion, a PE ratio of 33.06, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40. The company has a current ratio of 0.88, a quick ratio of 0.52 and a debt-to-equity ratio of 29.05. Thomson Reuters has a 12 month low of C$191.40 and a 12 month high of C$243.42.

Thomson Reuters Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st were paid a $0.73 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.20. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.25%. Thomson Reuters’s dividend payout ratio is 41.33%.

Insider Activity

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 transaction of C$400,206.86. Insiders own 69.76% of the company’s stock.

About Thomson Reuters

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.