Trade Report: Today, Thomson Reuters Corp (TRI) PT Raised to C$57.00

Today, Thomson Reuters Corp (TRI) PT Raised to C$57.00

Thomson Reuters Corp (TSE:TRI) (NYSE:TRI) had its price target increased by analysts at TD Securities from C$56.00 to C$57.00 in a report issued on Wednesday. The firm currently has a “hold” rating on the stock. TD Securities’ price target would suggest a potential downside of 1.32% from the stock’s previous close.

A number of other equities research analysts have also issued reports on TRI. Goldman Sachs Group Inc. raised 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 cut their price target 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 reissued a “sector perform” rating and issued a C$56.00 price target on shares of Thomson Reuters Corp in a report on Wednesday, November 2nd. Finally, Scotiabank raised their price target 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. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Thomson Reuters Corp currently has a consensus rating of “Hold” and a consensus target price of C$51.58.

Shares of Thomson Reuters Corp (TSE:TRI) opened at 57.76 on Wednesday. The stock’s 50 day moving average is $54.50 and its 200 day moving average is $54.18. Thomson Reuters Corp has a 52-week low of $47.56 and a 52-week high of $58.05. The company has a market capitalization of $42.44 billion and a P/E ratio of 34.18.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders 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 annualized dividend and a dividend yield of 2.35%.

In related news, Director Stewart Beaumont sold 17,000 shares of Thomson Reuters Corp 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. Also, insider Stephane Bello sold 45,300 shares of Thomson Reuters Corp stock in a transaction dated Friday, November 4th. The shares were sold at an average price of C$40.97, for a total transaction of C$1,855,941.00.

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