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

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

Several research firms have commented on TRI. 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. National Bank Financial raised shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Sunday, September 8th. TD Securities boosted their price objective on Thomson Reuters from C$235.00 to C$250.00 in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company raised Thomson Reuters to a “hold” rating in a research note on Tuesday, November 26th.

Thomson Reuters Stock Up 0.9 %

TSE TRI opened at C$234.36 on Monday. The stock has a 50 day moving average price of C$232.57 and a 200-day moving average price of C$229.55. Thomson Reuters has a one year low of C$191.40 and a one year high of C$243.42. The company has a debt-to-equity ratio of 29.05, a quick ratio of 0.52 and a current ratio of 0.88. The company has a market capitalization of C$105.39 billion, a P/E ratio of 33.06, a P/E/G ratio of 3.64 and a beta of 0.40.

Thomson Reuters Increases Dividend

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

Insider Buying and Selling

In related news, Senior Officer David Franklin Wong sold 2,417 shares of the firm’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 corporate insiders.

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.