Thomson Reuters Co. (TSE:TRI) Receives Average Rating of "Buy" from Analysts

Key Points

• Thomson Reuters Co. has received an average rating of "Buy" from nine brokerages, with a target price of C$265.80.
• Recent upgrades include analysts from National Bankraising their target from C$286.00 to C$300.00 and Scotiabank increasing their rating from "hold" to "strong-buy".
• The company announced a quarterly dividend of $0.595, equating to an annual yield of 1.0%, with a payout ratio of 62.71%.

Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI has been given an average recommendation of "Buy" by the nine brokerages that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and three have assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$265.80.

Several equities research analysts have commented on the company. National Bankshares upped their price target on Thomson Reuters from C$286.00 to C$300.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Scotiabank upgraded shares of Thomson Reuters from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 6th. Cibc World Mkts raised shares of Thomson Reuters from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 19th. BMO Capital Markets increased their price objective on shares of Thomson Reuters from C$280.00 to C$308.00 in a research report on Wednesday, July 16th. Finally, TD Securities raised shares of Thomson Reuters from a "hold" rating to a "buy" rating and raised their target price for the company from C$275.00 to C$285.00 in a research note on Thursday, August 28th.

Thomson Reuters Trading Down 2.1%

TRI stock opened at C$241.93 on Friday. The company has a quick ratio of 0.52, a current ratio of 0.94 and a debt-to-equity ratio of 24.28. The company has a market cap of C$109.03 billion, a price-to-earnings ratio of 66.83, a PEG ratio of 3.64 and a beta of 0.48. The business has a fifty day simple moving average of C$261.65 and a 200-day simple moving average of C$257.80. Thomson Reuters has a 52 week low of C$217.85 and a 52 week high of C$299.24.

Thomson Reuters Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 19th will be given a $0.595 dividend. This represents a $2.38 annualized dividend and a yield of 1.0%. Thomson Reuters's dividend payout ratio (DPR) is presently 62.71%.

Insider Transactions at Thomson Reuters

In related news, Senior Officer Elizabeth Beastrom sold 2,848 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of C$262.48, for a total transaction of C$747,543.04. Also, Senior Officer Mary Alice Vuicic sold 8,621 shares of Thomson Reuters stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of C$269.21, for a total transaction of C$2,320,816.31. Insiders own 69.76% of the company's stock.

Thomson Reuters Company Profile

Thomson Reuters is the result of the $17.6 billion megamerger of Canada's Thomson and the United Kingdom's Reuters Group in 2008 and the 2018 carve-out of its finance and risk business, Refinitiv, in which it holds a 45% stake. In 2019, the company agreed to exchange its 45% stake in Refinitiv for a 15% stake in LSE.

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