Thomson Reuters Co. (TSE:TRI) Director Peter J. Thomson Buys 80 Shares of Stock

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) Director Peter J. Thomson bought 80 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were acquired at an average price of C$239.36 per share, for a total transaction of C$19,148.42.

Thomson Reuters Stock Performance

TSE:TRI opened at C$237.98 on Wednesday. Thomson Reuters Co. has a twelve month low of C$185.95 and a twelve month high of C$243.42. The company has a quick ratio of 0.52, a current ratio of 0.88 and a debt-to-equity ratio of 29.05. The stock’s 50-day simple moving average is C$231.90 and its 200 day simple moving average is C$229.57. The firm has a market capitalization of C$107.02 billion, a PE ratio of 33.57, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40.

Thomson Reuters Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 21st were issued a dividend of $0.73 per share. The ex-dividend date was Thursday, November 21st. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.20. This represents a $2.92 annualized dividend and a dividend yield of 1.23%. Thomson Reuters’s payout ratio is 41.33%.

Analyst Ratings Changes

A number of brokerages recently issued reports on TRI. National Bank Financial raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Sunday, September 8th. Wells Fargo & Company raised Thomson Reuters to a “hold” rating in a report on Tuesday, November 26th. TD Securities boosted their price target on Thomson Reuters from C$235.00 to C$250.00 in a research note on Wednesday, November 6th. BMO Capital Markets increased their price objective on shares of Thomson Reuters from C$251.00 to C$256.00 in a research note on Wednesday, November 6th. Finally, Scotiabank upgraded shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 27th. Six equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$197.50.

Thomson Reuters Company Profile

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.