Thomson Reuters (TSE:TRI) Share Price Passes Above 200-Day Moving Average – What’s Next?

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$229.55 and traded as high as C$235.02. Thomson Reuters shares last traded at C$234.13, with a volume of 56,582 shares.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. BMO Capital Markets boosted their price objective on shares of Thomson Reuters from C$251.00 to C$256.00 in a research note on Wednesday, November 6th. National Bank Financial raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Sunday, September 8th. Scotiabank raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 27th. TD Securities upped their target price on Thomson Reuters from C$235.00 to C$250.00 in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company upgraded Thomson Reuters to a “hold” rating in a research note on Tuesday, November 26th. Six equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$197.50.

Thomson Reuters Stock Down 0.2 %

The business’s 50-day simple moving average is C$232.40 and its 200-day simple moving average is C$229.55. The company has a market capitalization of C$105.29 billion, a PE ratio of 33.02, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40. The company has a current ratio of 0.88, a quick ratio of 0.52 and a debt-to-equity ratio of 29.05.

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 21st were given a dividend of $0.73 per share. The ex-dividend date was Thursday, November 21st. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.20. This represents a $2.92 dividend on an annualized basis and a yield of 1.25%. Thomson Reuters’s payout ratio is currently 41.33%.

Insider Buying and Selling at Thomson Reuters

In other news, Senior Officer David Franklin Wong sold 2,417 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of C$165.58, for a total transaction of C$400,206.86. 69.76% of the stock is owned by corporate insiders.

Thomson Reuters Company Profile

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.