Brokerages Set Thomson Reuters Corp (TRI) PT at $51.41
Shares of Thomson Reuters Corp (TSE:TRI) have been assigned a consensus rating of “Hold” from the six analysts that are currently covering the firm. Four analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$51.41.
Several research analysts have recently issued reports on the stock. Scotiabank boosted their price objective on shares of Thomson Reuters Corp from C$42.00 to C$43.00 and gave the stock a “sector perform” rating in a report on Wednesday, November 2nd. TD Securities reiterated a “hold” rating and set a C$56.00 target price on shares of Thomson Reuters Corp in a research report on Friday, August 5th. Royal Bank Of Canada reiterated a “sector perform” rating and set a C$56.00 target price on shares of Thomson Reuters Corp in a research report on Wednesday, November 2nd. CIBC decreased their target price on shares of Thomson Reuters Corp from C$45.00 to C$44.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 2nd. Finally, Goldman Sachs Group Inc. lifted their target price on shares of Thomson Reuters Corp from C$49.00 to C$51.45 and gave the company a “neutral” rating in a research report on Wednesday, October 5th.
In other news, insider James Clifton Smith sold 140,000 shares of the company’s stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of C$41.46, for a total transaction of C$5,804,400.00. Also, Director Stewart Beaumont sold 17,000 shares of the company’s 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 56.15 on Thursday. The company’s 50 day moving average is $53.83 and its 200-day moving average is $53.87. The firm has a market cap of $41.25 billion and a price-to-earnings ratio of 33.22. Thomson Reuters Corp has a 1-year low of $47.56 and a 1-year high of $57.66.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, November 17th will be given a $0.34 dividend. The ex-dividend date is Tuesday, November 15th. This represents a $1.36 dividend on an annualized basis and a yield of 2.42%.
About Thomson Reuters Corp
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