Thomson Reuters (TRI) Reaches New 12-Month Low at $54.19
Shares of Thomson Reuters Corp (TSE:TRI) (NYSE:TRI) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$54.19 and last traded at C$54.86, with a volume of 507463 shares trading hands. The stock had previously closed at C$54.89.
TRI has been the topic of several research reports. Scotiabank raised shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating and set a C$69.00 price target on the stock in a research report on Tuesday, October 17th. TD Securities decreased their target price on shares of Thomson Reuters from C$65.00 to C$64.00 and set a “buy” rating on the stock in a report on Thursday, November 2nd. National Bank Financial upped their target price on shares of Thomson Reuters from C$66.00 to C$69.00 and gave the stock an “outperform” rating in a report on Thursday, November 2nd. Finally, Royal Bank of Canada decreased their target price on shares of Thomson Reuters to C$60.50 and set a “sector perform” rating on the stock in a report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. Thomson Reuters presently has an average rating of “Hold” and a consensus target price of C$63.75.
The company has a market capitalization of $38,490.00, a price-to-earnings ratio of 29.15 and a beta of 0.36.
In other news, insider Woodbridge Company Limited The bought 1,778 shares of the firm’s stock in a transaction that occurred on Thursday, November 23rd. The shares were acquired at an average price of C$56.55 per share, with a total value of C$100,545.90.
TRADEMARK VIOLATION WARNING: “Thomson Reuters (TRI) Reaches New 12-Month Low at $54.19” was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international trademark and copyright law. The original version of this piece of content can be read at https://www.thecerbatgem.com/2018/01/11/thomson-reuters-tri-reaches-new-12-month-low-at-54-19.html.
Thomson Reuters Company Profile
Thomson Reuters Corporation provides news and information for professional markets worldwide. It operates through three segments: Financial & Risk, Legal, and Tax & Accounting. The company sells electronic content and services to professionals primarily on a subscription basis. The Financial & Risk segment offers critical news, information, and analytics enabling transactions and connecting communities of trading, investment, financial, and corporate professionals.
Receive News & Ratings for Thomson Reuters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thomson Reuters and related companies with MarketBeat.com's FREE daily email newsletter.