Thomson Reuters Co. (TSE:TRI) Receives C$183.89 Average Price Target from Brokerages

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) has been given an average recommendation of “Hold” by the six analysts that are currently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$189.63.

A number of equities research analysts recently issued reports on the stock. TD Securities boosted their target price on shares of Thomson Reuters from C$230.00 to C$235.00 and gave the company a “hold” rating in a report on Thursday, June 20th. National Bankshares boosted their target price on shares of Thomson Reuters from C$219.00 to C$231.00 and gave the company a “sector perform” rating in a report on Friday, August 2nd.

Insiders Place Their Bets

In other news, Director Karen L. Hirsh sold 726 shares of the business’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of C$166.50, for a total transaction of C$120,879.00. In other news, Director Karen L. Hirsh sold 726 shares of the business’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of C$166.50, for a total transaction of C$120,879.00. Also, Director Ryan Kessler sold 372 shares of the business’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of C$171.46, for a total transaction of C$63,783.12. Following the transaction, the director now directly owns 196 shares in the company, valued at C$33,606.16. Insiders sold a total of 1,243 shares of company stock worth $208,984 over the last ninety days. 69.64% of the stock is owned by company insiders.

Thomson Reuters Price Performance

Thomson Reuters stock opened at C$218.35 on Friday. Thomson Reuters has a 1 year low of C$163.01 and a 1 year high of C$242.92. The firm has a 50 day moving average price of C$228.48 and a 200 day moving average price of C$218.93. The company has a market cap of C$98.37 billion, a price-to-earnings ratio of 31.13, a PEG ratio of 3.64 and a beta of 0.38. The company has a debt-to-equity ratio of 37.11, a quick ratio of 0.52 and a current ratio of 0.97.

Thomson Reuters Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.20 per share. The ex-dividend date is Thursday, August 15th. This represents a $0.80 annualized dividend and a yield of 0.37%. Thomson Reuters’s dividend payout ratio is currently 41.94%.

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.