Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI has been given a consensus rating of "Buy" by the eight analysts that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and three have issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$265.80.
Several research analysts have recently issued reports on the company. Wells Fargo & Company upgraded Thomson Reuters from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, September 9th. Cibc World Mkts raised Thomson Reuters from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 19th. TD Securities upgraded shares of Thomson Reuters from a "hold" rating to a "buy" rating and boosted their target price for the company from C$275.00 to C$285.00 in a research note on Thursday, August 28th. Scotiabank upgraded Thomson Reuters from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 6th. Finally, BMO Capital Markets upped their target price on Thomson Reuters from C$280.00 to C$308.00 in a research note on Wednesday, July 16th.
View Our Latest Report on Thomson Reuters
Thomson Reuters Stock Performance
Shares of TRI stock opened at C$216.10 on Wednesday. The business's fifty day simple moving average is C$244.74 and its 200-day simple moving average is C$255.13. The company has a current ratio of 0.94, a quick ratio of 0.52 and a debt-to-equity ratio of 24.28. Thomson Reuters has a 12-month low of C$215.83 and a 12-month high of C$299.24. The company has a market cap of C$97.39 billion, a PE ratio of 59.70, a PEG ratio of 3.64 and a beta of 0.48.
Thomson Reuters Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 19th were paid a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.1%. Thomson Reuters's dividend payout ratio is currently 62.71%.
About Thomson Reuters
(
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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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