Brokerages Set Thomson Reuters Corp (TSE:TRI) Target Price at $54.69
Shares of Thomson Reuters Corp (TSE:TRI) have been assigned a consensus rating of “Hold” from the five analysts that are currently covering the stock. Four research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$54.69.
TRI has been the topic of a number of recent analyst reports. TD Securities reiterated a “hold” rating and set a C$56.00 price target on shares of Thomson Reuters Corp in a research report on Friday, September 16th. Goldman Sachs Group Inc. increased their target price on Thomson Reuters Corp from C$49.00 to C$51.45 and gave the company a “neutral” rating in a report on Wednesday.
In other Thomson Reuters Corp news, Director Stewart Beaumont sold 17,000 shares of the stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of C$42.41, for a total transaction of C$720,970.00.
Thomson Reuters Corp (TSE:TRI) opened at 53.81 on Thursday. The company’s 50-day moving average price is $54.06 and its 200-day moving average price is $53.62. Thomson Reuters Corp has a 12-month low of $47.56 and a 12-month high of $57.66. The stock has a market cap of $40.12 billion and a PE ratio of 32.01.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 15th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Tuesday, August 16th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.53%.
Thomson Reuters Corp Company Profile
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