Thomson Reuters (TSE:TRI – Free Report) (NYSE:TRI) had its price target raised by Royal Bank of Canada from C$149.00 to C$153.00 in a report released on Friday, BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the stock.
A number of other brokerages have also weighed in on TRI. Bank of America cut their price objective on Thomson Reuters from C$222.00 to C$195.00 in a research report on Thursday, November 2nd. National Bankshares lifted their price objective on Thomson Reuters from C$201.00 to C$210.00 and gave the company a sector perform rating in a research note on Friday. BMO Capital Markets lifted their price objective on Thomson Reuters from C$211.00 to C$222.00 and gave the company an outperform rating in a research note on Friday. Canaccord Genuity Group boosted their price target 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 upped their price objective on Thomson Reuters from C$185.00 to C$205.00 and gave the company a hold rating in a research report on Tuesday, January 16th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Thomson Reuters currently has a consensus rating of Hold and a consensus target price of C$180.11.
Thomson Reuters Stock Performance
Thomson Reuters Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, March 8th. Stockholders of record on Wednesday, February 21st will be given a $0.54 dividend. 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 (DPR) is presently 37.99%.
Insider Buying and Selling
In other news, Director Linda Walker sold 4,101 shares of the 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 related news, Director Heather Anne O’hagan sold 735 shares of Thomson Reuters stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of C$140.27, for a total transaction of C$103,095.51. Following the completion of the transaction, the director now directly owns 630 shares in the company, valued at approximately C$88,367.58. Also, Director Linda Walker sold 4,101 shares of Thomson Reuters stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of C$133.26, for a total transaction of C$546,499.26. Over the last three months, insiders sold 27,923 shares of company stock worth $3,876,396. Company insiders own 66.75% of the company’s stock.
About Thomson Reuters
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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