Thomson Reuters Corp (TRI) Given Average Rating of “Hold” by Analysts
Shares of Thomson Reuters Corp (TSE:TRI) (NYSE:TRI) have been given a consensus rating of “Hold” by the eight research firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$58.13.
A number of equities analysts recently weighed in on TRI shares. TD Securities lifted their price target on Thomson Reuters Corp from C$61.00 to C$65.00 and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Royal Bank Of Canada reissued a “sector perform” rating and issued a C$59.00 price target on shares of Thomson Reuters Corp in a research note on Thursday, August 3rd. National Bank Financial lifted their price target on Thomson Reuters Corp from C$64.00 to C$66.00 and gave the stock an “outperform” rating in a research note on Monday, July 31st. Scotiabank lifted their price target on Thomson Reuters Corp to C$47.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 3rd. Finally, Macquarie lifted their price target on Thomson Reuters Corp from C$49.90 to C$70.00 in a research note on Thursday, June 15th.
Thomson Reuters Corp (TSE:TRI) traded down 0.26% on Friday, reaching $57.68. 406,512 shares of the company’s stock were exchanged. Thomson Reuters Corp has a 1-year low of $52.01 and a 1-year high of $62.83. The firm’s 50 day moving average is $56.64 and its 200 day moving average is $58.44. The stock has a market capitalization of $41.22 billion and a P/E ratio of 0.66.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 17th were given a dividend of $0.345 per share. The ex-dividend date was Tuesday, August 15th. This represents a $1.38 dividend on an annualized basis and a yield of 2.39%.
In other Thomson Reuters Corp news, insider Stephane Bello sold 78,800 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of C$47.58, for a total transaction of C$3,749,304.00. Also, Director Neil Thomas Masterson sold 92,165 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of C$47.52, for a total value of C$4,379,680.80. Insiders have sold a total of 262,421 shares of company stock valued at $12,324,147 over the last 90 days.
About Thomson Reuters Corp
Thomson Reuters Corporation (Thomson Reuters) is a Canada-based provider of news and information for professional markets. The Company is organized in three business units: Financial & Risk, Legal, and Tax & Accounting. The Financial & Risk unit is a provider of critical news, information and analytics, enabling transactions and connecting communities of trading, investment, financial and corporate professionals.
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