TD Securities Issues Positive Forecast for Thomson Reuters (TSE:TRI) Stock Price

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its price objective lifted by TD Securities from C$235.00 to C$250.00 in a research report released on Wednesday, BayStreet.CA reports.

Other equities analysts also recently issued research reports about the stock. 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. Scotiabank raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 27th. Finally, National Bankshares upped their target price on Thomson Reuters from C$219.00 to C$231.00 and gave the stock a “sector perform” rating in a report on Friday, August 2nd. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$197.50.

Thomson Reuters Stock Down 2.1 %

Shares of TSE TRI opened at C$231.81 on Wednesday. The company has a market cap of C$104.25 billion, a price-to-earnings ratio of 32.70, a PEG 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$176.41 and a 12 month high of C$242.92. The stock has a 50-day moving average price of C$230.59 and a two-hundred day moving average price of C$227.45.

Thomson Reuters Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 21st will be given a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Thursday, November 21st. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.20. Thomson Reuters’s payout ratio is 41.33%.

Insider Transactions at Thomson Reuters

In other news, Director Caroline Rogge sold 339 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of C$235.35, for a total value of C$79,782.97. In related news, Senior Officer Mary Alice Vuicic sold 6,062 shares of the company’s stock in a transaction dated 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 firm’s stock in a transaction that occurred 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. Insiders sold 11,711 shares of company stock worth $2,755,571 over the last ninety days. 69.76% of the stock is owned by insiders.

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.