Thomson Reuters (TSE:TRI) Stock Price Crosses Below 200 Day Moving Average - Time to Sell?

Key Points

• Thomson Reuters stock price fell below its 200-day moving average of C$257.30, trading as low as C$235.55.
• A number of brokerages have upgraded Thomson Reuters, with ratings ranging from "Buy" to "Strong Buy," and an average target price of C$265.80.
• The company announced a quarterly dividend of $0.595, reflecting a 1.0% dividend yield and a 62.71% payout ratio.

Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI's stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$257.30 and traded as low as C$235.55. Thomson Reuters shares last traded at C$235.79, with a volume of 340,877 shares.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TRI. Wells Fargo & Company raised Thomson Reuters from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, September 9th. BMO Capital Markets increased their price target on Thomson Reuters from C$280.00 to C$308.00 in a research report on Wednesday, July 16th. Cibc World Mkts raised Thomson Reuters from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 19th. National Bankshares increased their price target on Thomson Reuters from C$286.00 to C$300.00 and gave the stock an "outperform" rating in a research report on Thursday, July 10th. Finally, Scotiabank raised Thomson Reuters from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of C$265.80.

Thomson Reuters Stock Performance

The stock has a fifty day simple moving average of C$257.61 and a two-hundred day simple moving average of C$257.30. The stock has a market cap of C$106.27 billion, a price-to-earnings ratio of 65.14, a P/E/G ratio of 3.64 and a beta of 0.48. The company has a debt-to-equity ratio of 24.28, a quick ratio of 0.52 and a current ratio of 0.94.

Thomson Reuters Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 19th were issued a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.0%. Thomson Reuters's dividend payout ratio is presently 62.71%.

Insider Buying and Selling at Thomson Reuters

In other Thomson Reuters news, Senior Officer Mary Alice Vuicic sold 8,621 shares of the firm's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of C$269.21, for a total value of C$2,320,816.31. Corporate insiders own 69.76% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.