Thomson Reuters (TSE:TRI) PT Raised to C$149.00 at Canaccord Genuity Group

Thomson Reuters (TSE:TRIFree Report) (NYSE:TRI) had its target price boosted by Canaccord Genuity Group from C$147.00 to C$149.00 in a research note issued to investors on Friday, BayStreet.CA reports. The firm currently has a hold rating on the stock.

TRI has been the subject of several other research reports. Bank of America reduced their price target on shares of Thomson Reuters from C$222.00 to C$195.00 in a research report on Thursday, November 2nd. Royal Bank of Canada increased their price target on shares of Thomson Reuters from C$133.00 to C$149.00 and gave the stock a sector perform rating in a research note on Monday, January 22nd. National Bankshares increased their price target on shares of Thomson Reuters from C$180.00 to C$201.00 and gave the stock a sector perform rating in a research note on Thursday, January 25th. TD Securities raised their target price on shares of Thomson Reuters from C$185.00 to C$205.00 and gave the company a hold rating in a research note on Tuesday, January 16th. Finally, BMO Capital Markets increased their price target on shares of Thomson Reuters from C$211.00 to C$222.00 and gave the company an outperform rating in a report on Friday. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of C$180.11.

Get Our Latest Stock Analysis on TRI

Thomson Reuters Stock Down 2.5 %

TRI stock opened at C$207.94 on Friday. Thomson Reuters has a 12 month low of C$159.25 and a 12 month high of C$214.29. The firm has a market cap of C$94.07 billion, a PE ratio of 27.15, a P/E/G ratio of 2.53 and a beta of 0.39. The firm has a 50 day simple moving average of C$196.24 and a 200 day simple moving average of C$182.84. The company has a debt-to-equity ratio of 31.76, a current ratio of 0.90 and a quick ratio of 0.52.

Thomson Reuters Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 8th. Investors of record on Wednesday, February 21st will be paid a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 1.04%. The ex-dividend date is Tuesday, February 20th. Thomson Reuters’s dividend payout ratio (DPR) is presently 37.99%.

Insider Activity at Thomson Reuters

In related news, Senior Officer Michael Keith Eastwood sold 17,960 shares of Thomson Reuters stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of C$138.90, for a total value of C$2,494,644.00. In other Thomson Reuters news, Senior Officer Michael Keith Eastwood sold 17,960 shares of the business’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of C$138.90, for a total value of C$2,494,644.00. Also, Director Heather Anne O’hagan sold 735 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of C$140.27, for a total value of C$103,095.51. Following the transaction, the director now directly owns 630 shares in the company, valued at approximately C$88,367.58. Insiders have sold 27,923 shares of company stock valued at $3,876,396 over the last ninety days. 66.75% of the stock is owned by corporate insiders.

About Thomson Reuters

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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.

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