Thomson Reuters (TSE:TRI) Share Price Passes Above 200-Day Moving Average – What’s Next?

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$229.55 and traded as high as C$235.02. Thomson Reuters shares last traded at C$234.13, with a volume of 56,582 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on TRI shares. National Bank Financial raised shares of 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 research report on Tuesday, November 26th. TD Securities raised their price objective on Thomson Reuters from C$235.00 to C$250.00 in a research report on Wednesday, November 6th. Finally, BMO Capital Markets upped their target price on Thomson Reuters from C$251.00 to C$256.00 in a research report on Wednesday, November 6th. Six investment analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$197.50.

Thomson Reuters Stock Down 0.2 %

The company has a debt-to-equity ratio of 29.05, a current ratio of 0.88 and a quick ratio of 0.52. The firm has a market capitalization of C$105.29 billion, a price-to-earnings ratio of 33.02, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40. The business has a fifty day moving average price of C$232.55 and a two-hundred day moving average price of C$229.62.

Thomson Reuters Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 21st were paid a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 1.25%. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, November 21st. Thomson Reuters’s payout ratio is presently 41.33%.

Insider Activity

In other Thomson Reuters news, Senior Officer David Franklin Wong sold 2,417 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of C$165.58, for a total value of C$400,206.86. Insiders own 69.76% of the company’s stock.

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.