Thomson Reuters Co. (TSE:TRI) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) have been assigned an average rating of “Moderate Buy” from the nine brokerages that are currently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$197.50.

A number of analysts have weighed in on TRI shares. Wells Fargo & Company upgraded Thomson Reuters to a “hold” rating in a report on Tuesday, November 26th. National Bank Financial upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Sunday, September 8th. TD Securities lifted their target price on Thomson Reuters from C$235.00 to C$250.00 in a report on Wednesday, November 6th. Finally, BMO Capital Markets increased their price target on Thomson Reuters from C$251.00 to C$256.00 in a report on Wednesday, November 6th.

Thomson Reuters Stock Performance

TSE:TRI opened at C$233.73 on Monday. Thomson Reuters has a fifty-two week low of C$190.89 and a fifty-two week high of C$243.42. The company has a 50 day simple moving average of C$232.62 and a two-hundred day simple moving average of C$229.57. The company has a market capitalization of C$105.11 billion, a PE ratio of 32.97, a P/E/G ratio of 3.64 and a beta of 0.40. The company has a debt-to-equity ratio of 29.05, a quick ratio of 0.52 and a current ratio of 0.88.

Thomson Reuters Increases Dividend

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

Insider Activity

In other Thomson Reuters news, Senior Officer David Franklin Wong sold 2,417 shares of the firm’s stock in a transaction 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

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.