Thomson Reuters Corp (TSE:TRI) (NYSE:TRI) had its price target lowered by equities research analysts at Royal Bank Of Canada from C$59.00 to C$56.50 in a note issued to investors on Friday, StockTargetPrices.com reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective suggests a potential downside of 3.78% from the stock’s current price.

A number of other research firms also recently weighed in on TRI. National Bank Financial downgraded shares of Thomson Reuters Corp from an “outperform market weight” rating to a “sector perform market weight” rating in a research report on Monday, December 12th. TD Securities raised their price target on shares of Thomson Reuters Corp from C$57.00 to C$59.00 and gave the stock a “hold” rating in a research report on Wednesday, December 21st. BMO Capital Markets raised their price target on shares of Thomson Reuters Corp from C$60.00 to C$64.00 and gave the stock an “outperform” rating in a research report on Monday, December 12th. Scotiabank reissued a “sector perform” rating and set a C$43.00 price target on shares of Thomson Reuters Corp in a research report on Monday, February 6th. Finally, CIBC decreased their price target on shares of Thomson Reuters Corp from C$45.00 to C$44.00 and set an “outperform” rating for the company in a research report on Wednesday, November 2nd. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of C$54.08.

Analyst Recommendations for Thomson Reuters Corp (TSE:TRI)

Thomson Reuters Corp (TSE:TRI) traded up 0.03% during trading on Friday, hitting $58.72. 428,951 shares of the stock were exchanged. Thomson Reuters Corp has a one year low of $48.64 and a one year high of $60.13. The company has a market cap of $43.03 billion and a price-to-earnings ratio of 14.20. The stock’s 50 day moving average is $58.82 and its 200-day moving average is $56.12.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Thursday, February 23rd will be issued a $0.345 dividend. This represents a $1.38 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend is Tuesday, February 21st. This is an increase from Thomson Reuters Corp’s previous quarterly dividend of $0.34.

“Royal Bank Of Canada Lowers Thomson Reuters Corp (TRI) Price Target to C$56.50” was reported by Watch List News and is owned by of Watch List News. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of US & international copyright and trademark laws. The correct version of this piece of content can be viewed at http://www.watchlistnews.com/royal-bank-of-canada-lowers-thomson-reuters-corp-tri-price-target-to-c56-50/1121200.html.

Thomson Reuters Corp Company Profile

Thomson Reuters Corporation is a provider of news and information for a range of professional markets. The Company operates through three segments: Financial & Risk, Legal, and Tax & Accounting. The Financial & Risk segment is a provider of critical news, information and analytics, enabling transactions and connecting communities of trading, investment, financial and corporate professionals.

Stock Target Prices

Receive News & Ratings for Thomson Reuters Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thomson Reuters Corp and related companies with Analyst Ratings Network's FREE daily email newsletter.