National Bankshares Increases 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 report report published on Friday, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

TRI has been the subject of a number of other research reports. Royal Bank of Canada upped their price objective on shares of Thomson Reuters from C$133.00 to C$149.00 and gave the stock a sector perform rating in a research report on Monday, January 22nd. BMO Capital Markets lifted their price objective on shares of Thomson Reuters from C$211.00 to C$222.00 and gave the stock an outperform rating in a report on Friday. CIBC upped their price objective on shares of Thomson Reuters from C$138.00 to C$146.00 and gave the stock a neutral rating in a report on Friday. Canaccord Genuity Group boosted their price objective on Thomson Reuters from C$147.00 to C$149.00 and gave the stock a hold rating in a report on Friday. Finally, Bank of America lowered their price target on Thomson Reuters from C$222.00 to C$195.00 in a research note on Thursday, November 2nd. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Thomson Reuters has a consensus rating of Hold and a consensus price target of C$180.11.

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Thomson Reuters Trading Down 2.5 %

TSE TRI opened at C$207.94 on Friday. The company has a quick ratio of 0.52, a current ratio of 0.90 and a debt-to-equity ratio of 31.76. Thomson Reuters has a 52 week low of C$159.25 and a 52 week high of C$214.29. The stock has a market capitalization of C$94.07 billion, a PE ratio of 27.15, a price-to-earnings-growth ratio of 2.53 and a beta of 0.39. The firm has a 50 day moving average of C$196.24 and a two-hundred day moving average of C$182.84.

Thomson Reuters Cuts Dividend

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

Insider Activity

In other news, Director Linda Walker sold 4,101 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of C$133.26, for a total value of C$546,499.26. In other Thomson Reuters news, Senior Officer Michael Keith Eastwood sold 17,960 shares of the business’s stock in a transaction that occurred 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. Also, Director Linda Walker sold 4,101 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of C$133.26, for a total value of C$546,499.26. Over the last ninety days, insiders sold 27,923 shares of company stock worth $3,876,396. 66.75% of the stock is owned by corporate insiders.

About Thomson Reuters

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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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