Thomson Reuters Corp (TRI) PT Raised to C$57.00
Thomson Reuters Corp (TSE:TRI) (NYSE:TRI) had its price objective hoisted by analysts at TD Securities from C$56.00 to C$57.00 in a research note issued to investors on Wednesday. The firm presently has a “hold” rating on the stock. TD Securities’ price objective would suggest a potential downside of 1.32% from the stock’s previous close.
A number of other equities analysts have also commented on TRI. Goldman Sachs Group Inc. lifted their price target on shares of Thomson Reuters Corp from C$49.00 to C$51.45 and gave the stock a “neutral” rating in a report on Wednesday, October 5th. CIBC dropped 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 report on Wednesday, November 2nd. Royal Bank Of Canada restated a “sector perform” rating and issued a C$56.00 target price on shares of Thomson Reuters Corp in a report on Wednesday, November 2nd. Finally, Scotiabank boosted their target price on shares of Thomson Reuters Corp from C$42.00 to C$43.00 and gave the company a “sector perform” rating in a report on Wednesday, November 2nd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Thomson Reuters Corp currently has a consensus rating of “Hold” and an average target price of C$51.58.
Thomson Reuters Corp (TSE:TRI) opened at 57.76 on Wednesday. The stock has a market cap of $42.44 billion and a P/E ratio of 34.18. Thomson Reuters Corp has a one year low of $47.56 and a one year high of $58.05. The company has a 50-day moving average price of $54.50 and a 200-day moving average price of $54.18.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, November 17th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Tuesday, November 15th. This represents a $1.36 annualized dividend and a dividend yield of 2.35%.
In other news, Director Timothy Collier sold 26,071 shares of the company’s stock in a transaction dated Monday, November 7th. The shares were sold at an average price of C$41.53, for a total transaction of C$1,082,728.63. Also, Director Stewart Beaumont sold 17,000 shares of the company’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of C$42.41, for a total transaction of C$720,970.00.
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About Thomson Reuters Corp
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