Thomson Reuters (TSE:TRI) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-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 traded.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. TD Securities boosted their price objective on shares of Thomson Reuters from C$235.00 to C$250.00 in a research report on Wednesday, November 6th. Wells Fargo & Company upgraded shares of Thomson Reuters to a “hold” rating in a report on Tuesday, November 26th. Finally, BMO Capital Markets increased their price objective on shares of Thomson Reuters from C$251.00 to C$256.00 in a research report on Wednesday, November 6th. Six analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Thomson Reuters presently has an average rating of “Moderate Buy” and an average price target of C$197.50.

Thomson Reuters Stock Performance

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 capitalization of C$99.68 billion, a PE ratio of 31.26, a PEG ratio of 3.64 and a beta of 0.40. The firm’s 50-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. Investors of record on Thursday, November 21st were paid 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 1.32%. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.20. Thomson Reuters’s dividend payout ratio is 41.33%.

Insiders Place Their Bets

In other 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. Company insiders own 69.76% of the company’s stock.

Thomson Reuters Company Profile

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.