Thomson Reuters Co. (TSE:TRI) Receives Consensus Recommendation of “Buy” from Brokerages

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) has been given a consensus rating of “Buy” by the nine analysts that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, three have given 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 ratings on the stock in the last year is C$265.80.

A number of research analysts have recently issued reports on the stock. Cibc World Mkts upgraded shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 19th. TD Securities upgraded Thomson Reuters from a “hold” rating to a “buy” rating and lifted their target price for the company from C$275.00 to C$285.00 in a research note on Thursday, August 28th. BMO Capital Markets upped their target price on Thomson Reuters from C$280.00 to C$308.00 in a report on Wednesday, July 16th. National Bankshares boosted their price objective 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. Finally, Scotiabank upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 6th.

Insider Transactions at Thomson Reuters

In other Thomson Reuters news, Senior Officer Elizabeth Beastrom sold 2,848 shares of the business’s stock in a transaction dated Wednesday, June 11th. The shares were 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 the business’s stock in a transaction that occurred 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. Insiders own 69.76% of the company’s stock.

Thomson Reuters Stock Performance

Shares of TRI opened at C$241.93 on Friday. The stock has a market capitalization of C$109.03 billion, a PE ratio of 66.83, a price-to-earnings-growth ratio of 3.64 and a beta of 0.48. The business’s fifty day moving average price is C$261.65 and its 200 day moving average price is C$257.80. The company has a debt-to-equity ratio of 24.28, a current ratio of 0.94 and a quick ratio of 0.52. Thomson Reuters has a 12-month low of C$217.85 and a 12-month high of C$299.24.

Thomson Reuters Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 19th will be 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 (DPR) is presently 62.71%.

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.