Thomson Reuters Co. (TSE:TRI) Receives C$265.80 Consensus Price Target from Analysts

Shares of Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) have been given a consensus rating of “Buy” by the eight brokerages that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and three have given a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$265.80.

TRI has been the subject of several recent research reports. Scotiabank raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 6th. BMO Capital Markets boosted their price target on Thomson Reuters from C$280.00 to C$308.00 in a research note on Wednesday, July 16th. National Bankshares boosted their price target on Thomson Reuters from C$286.00 to C$300.00 and gave the company an “outperform” rating in a research note on Thursday, July 10th. Wells Fargo & Company raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Finally, Cibc World Mkts raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 19th.

Thomson Reuters Trading Down 0.2%

TSE:TRI opened at C$239.50 on Friday. The company has a debt-to-equity ratio of 24.28, a current ratio of 0.94 and a quick ratio of 0.52. Thomson Reuters has a fifty-two week low of C$217.85 and a fifty-two week high of C$299.24. The stock’s 50-day moving average is C$258.39 and its two-hundred day moving average is C$257.42. The stock has a market cap of C$107.94 billion, a PE ratio of 66.16, a price-to-earnings-growth ratio of 3.64 and a beta of 0.48.

Thomson Reuters Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Tuesday, August 19th were issued a $0.595 dividend. This represents a $2.38 annualized dividend and a yield of 1.0%. Thomson Reuters’s dividend payout ratio (DPR) is currently 62.71%.

Insider Activity at Thomson Reuters

In other news, Senior Officer Mary Alice Vuicic sold 8,621 shares of the company’s stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of C$269.21, for a total transaction of C$2,320,816.31. 69.76% of the stock is currently owned by company insiders.

About Thomson Reuters

Thomson Reuters is the result of the $17.6 billion megamerger of Canada’s Thomson and the United Kingdom’s Reuters Group in 2008 and the 2018 carve-out of its finance and risk business, Refinitiv, in which it holds a 45% stake. In 2019, the company agreed to exchange its 45% stake in Refinitiv for a 15% stake in LSE.