National Bankshares Boosts Thomson Reuters (TSE:TRI) Price Target to C$210.00

Thomson Reuters (TSE:TRIFree Report) (NYSE:TRI) had its target price increased by National Bankshares from C$201.00 to C$210.00 in a research note published on Friday morning, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

A number of other brokerages have also issued reports on TRI. CIBC raised their price objective on shares of Thomson Reuters from C$138.00 to C$146.00 and gave the company a neutral rating in a report on Friday. BMO Capital Markets lifted their price target on shares of Thomson Reuters from C$211.00 to C$222.00 and gave the company an outperform rating in a research report on Friday. Bank of America cut their price objective on shares of Thomson Reuters from C$222.00 to C$195.00 in a report on Thursday, November 2nd. Canaccord Genuity Group lifted their target price on Thomson Reuters from C$147.00 to C$149.00 and gave the stock a hold rating in a research note on Friday. Finally, TD Securities lifted their target price on Thomson Reuters from C$185.00 to C$205.00 and gave the stock a hold rating in a research note on Tuesday, January 16th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Hold and a consensus target price of C$180.11.

Read Our Latest Stock Report on TRI

Thomson Reuters Trading Down 2.5 %

TRI opened at C$207.94 on Friday. The company’s 50 day moving average is C$196.24 and its 200-day moving average is C$182.84. Thomson Reuters has a 1-year low of C$159.25 and a 1-year high of C$214.29. The company has a current ratio of 0.90, a quick ratio of 0.52 and a debt-to-equity ratio of 31.76. The company has a market cap of C$94.07 billion, a P/E ratio of 27.15, a PEG ratio of 2.53 and a beta of 0.39.

Thomson Reuters Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 8th. Investors of record on Wednesday, February 21st will be issued a dividend of $0.54 per share. The ex-dividend date is Tuesday, February 20th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.04%. Thomson Reuters’s dividend payout ratio is presently 37.99%.

Insiders Place Their Bets

In other news, Senior Officer Michael Keith Eastwood sold 17,960 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of C$138.90, for a total value of C$2,494,644.00. In related news, Director Kriti Sharma sold 5,000 shares of the stock in a transaction on Friday, December 22nd. The stock was sold at an average price of C$142.84, for a total transaction of C$714,200.00. Following the sale, the director now directly owns 230 shares of the company’s stock, valued at C$32,853.20. Also, Senior Officer Michael Keith Eastwood sold 17,960 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of C$138.90, for a total value of C$2,494,644.00. Over the last 90 days, insiders sold 27,923 shares of company stock worth $3,876,396. 66.75% of the stock is owned by corporate insiders.

Thomson Reuters Company Profile

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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.

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