Thomson Reuters (TSE:TRI) Share Price Crosses Below Two Hundred Day Moving Average - Should You Sell?

Key Points

• Thomson Reuters' stock price has fallen below its two hundred day moving average of C$253.69, trading as low as C$210.25 before closing at C$211.75.
• Analysts have issued several upgrades for the stock, with three identifying it as a Strong Buy and an average price target of C$265.80.
• The company recently declared a quarterly dividend of $0.595, reflecting an annual yield of 1.1% and a payout ratio of 62.71%.

Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI's share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$253.69 and traded as low as C$210.25. Thomson Reuters shares last traded at C$211.75, with a volume of 634,701 shares trading hands.

Analyst Upgrades and Downgrades

TRI has been the subject of a number of research analyst reports. Wells Fargo & Company raised Thomson Reuters from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, September 9th. National Bankshares boosted their target price on Thomson Reuters from C$286.00 to C$300.00 and gave the company an "outperform" rating in a research report on Thursday, July 10th. Cibc World Mkts raised Thomson Reuters from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 19th. TD Securities raised Thomson Reuters from a "hold" rating to a "buy" rating and boosted their price objective for the stock from C$275.00 to C$285.00 in a report on Thursday, August 28th. Finally, Scotiabank raised Thomson Reuters from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 6th. Three equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of C$265.80.

Thomson Reuters Price Performance

The company has a current ratio of 0.94, a quick ratio of 0.52 and a debt-to-equity ratio of 24.28. The business has a fifty day simple moving average of C$236.93 and a 200 day simple moving average of C$253.69. The stock has a market capitalization of C$95.43 billion, a P/E ratio of 58.49, a price-to-earnings-growth ratio of 3.64 and a beta of 0.33.

Thomson Reuters Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 19th were paid a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.1%. Thomson Reuters's payout ratio is presently 62.71%.

About Thomson Reuters

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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