Thomson Reuters (TSE:TRI) Given New C$231.00 Price Target at National Bankshares

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its target price raised by National Bankshares from C$219.00 to C$231.00 in a research note published on Friday morning, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Separately, TD Securities lifted their price objective 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. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of Hold and a consensus target price of C$189.63.

Thomson Reuters Price Performance

The company has a quick ratio of 0.52, a current ratio of 0.97 and a debt-to-equity ratio of 37.11. The company has a market cap of C$98.32 billion, a price-to-earnings ratio of 31.13, a price-to-earnings-growth ratio of 3.64 and a beta of 0.38. The business’s fifty day moving average price is C$228.86 and its 200 day moving average price is C$218.82. Thomson Reuters has a one year low of C$163.01 and a one year high of C$242.92.

Thomson Reuters Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Thursday, August 15th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of ∞. The ex-dividend date of this dividend is Thursday, August 15th. Thomson Reuters’s payout ratio is presently 41.94%.

Insider Activity at Thomson Reuters

In other Thomson Reuters news, Director Ryan Kessler sold 372 shares of the stock in a transaction that occurred 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 approximately C$33,606.16. In other news, Director Ryan Kessler sold 372 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at C$33,606.16. Also, Director Karen L. Hirsh sold 726 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of C$166.50, for a total value of C$120,879.00. Insiders have sold 1,243 shares of company stock worth $208,984 over the last ninety days. Insiders own 69.64% of the company’s stock.

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.