Royal Bank Of Canada Lowers Thomson Reuters Corp (TRI) Price Target to C$56.50
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.
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.
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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.
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