Peter J. Thomson Acquires 80 Shares of Thomson Reuters Co. (TSE:TRI) Stock

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) Director Peter J. Thomson acquired 80 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was acquired at an average cost of C$239.36 per share, with a total value of C$19,148.42.

Thomson Reuters Stock Performance

Shares of TRI stock opened at C$237.43 on Thursday. The business has a 50 day simple moving average of C$232.13 and a 200 day simple moving average of C$229.62. The company has a debt-to-equity ratio of 29.05, a current ratio of 0.88 and a quick ratio of 0.52. The firm has a market capitalization of C$106.77 billion, a price-to-earnings ratio of 33.49, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40. Thomson Reuters Co. has a 12-month low of C$187.40 and a 12-month high of C$243.42.

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 dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.23%. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.20. The ex-dividend date was Thursday, November 21st. Thomson Reuters’s dividend payout ratio (DPR) is 41.33%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. TD Securities lifted their price target on shares of Thomson Reuters from C$235.00 to C$250.00 in a report on Wednesday, November 6th. BMO Capital Markets lifted their target price on Thomson Reuters from C$251.00 to C$256.00 in a research note on Wednesday, November 6th. Scotiabank upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 27th. National Bank Financial raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Sunday, September 8th. Finally, Wells Fargo & Company raised Thomson Reuters to a “hold” rating in a research report on Tuesday, November 26th. Six 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 stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$197.50.

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.