Thomson Reuters (TSE:TRI – Free Report) (NYSE:TRI) had its price target increased by Royal Bank of Canada from C$149.00 to C$153.00 in a research report sent to investors on Friday morning, BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the stock.
Other analysts have also issued reports about the stock. TD Securities lifted 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 report on Tuesday, January 16th. Canaccord Genuity Group increased their price target on shares of Thomson Reuters from C$147.00 to C$149.00 and gave the company a hold rating in a research note on Friday. CIBC increased their price objective on shares of Thomson Reuters from C$138.00 to C$146.00 and gave the company a neutral rating in a report on Friday. National Bankshares raised their price objective on shares of Thomson Reuters from C$201.00 to C$210.00 and gave the stock a sector perform rating in a report on Friday. Finally, BMO Capital Markets raised their target price on shares of Thomson Reuters from C$211.00 to C$222.00 and gave the company an outperform rating in a research report on Friday. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and an average target price of C$180.11.
Thomson Reuters Stock Down 2.5 %
Thomson Reuters Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, March 8th. Stockholders of record on Wednesday, February 21st will be issued a $0.54 dividend. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $2.16 annualized dividend and a dividend yield of 1.04%. Thomson Reuters’s dividend payout ratio is currently 37.99%.
Insider Activity at Thomson Reuters
In related news, Director Kriti Sharma sold 5,000 shares of the stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of C$142.84, for a total transaction of C$714,200.00. Following the completion of the transaction, the director now owns 230 shares in the company, valued at C$32,853.20. In other news, Director Kriti Sharma sold 5,000 shares of the stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of C$142.84, for a total value of C$714,200.00. Following the sale, the director now directly owns 230 shares of the company’s stock, valued at C$32,853.20. Also, Director Linda Walker sold 4,101 shares of the stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of C$133.26, for a total transaction of C$546,499.26. Over the last 90 days, insiders sold 27,923 shares of company stock worth $3,876,396. 66.75% of the stock is owned by company insiders.
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.
- Five stocks we like better than Thomson Reuters
- Natural Gas Prices Continue To Rally, These Stocks Should Benefit
- 3 attractive stocks that insiders are buying
- How to Invest in EV Charging Stations
- Alpha and Omega Semiconductor ready to bounce, DOJ cloud lifts
- 3 Monster Growth Stocks to Buy Now
- Wendy’s vs Shake Shack: Out with the new, in with the old?
Receive News & Ratings for Thomson Reuters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thomson Reuters and related companies with MarketBeat.com's FREE daily email newsletter.