National Bank Financial Increases Thomson Reuters Corp (TRI) Price Target to C$69.00
Thomson Reuters Corp (TSE:TRI) (NYSE:TRI) had its price objective upped by National Bank Financial from C$66.00 to C$69.00 in a research report report published on Thursday. They currently have an outperform rating on the stock. National Bank Financial also issued estimates for Thomson Reuters Corp’s Q3 2017 earnings at $0.76 EPS, Q4 2017 earnings at $0.83 EPS, FY2017 earnings at $3.16 EPS, FY2018 earnings at $3.40 EPS and FY2019 earnings at $3.71 EPS.
A number of other analysts have also recently weighed in on TRI. TD Securities lowered their target price on shares of Thomson Reuters Corp from C$65.00 to C$64.00 and set a buy rating on the stock in a research note on Thursday. Scotiabank upped their target price on shares of Thomson Reuters Corp to C$47.00 and gave the company a sector perform rating in a research note on Thursday, August 3rd. Finally, Royal Bank Of Canada reissued a sector perform rating and issued a C$59.00 target price on shares of Thomson Reuters Corp in a research note on Thursday, August 3rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of C$63.79.
Shares of Thomson Reuters Corp (TSE:TRI) opened at C$56.89 on Thursday. Thomson Reuters Corp has a 52 week low of C$54.69 and a 52 week high of C$62.83.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 16th will be given a $0.345 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.38 dividend on an annualized basis and a yield of 2.43%.
In other Thomson Reuters Corp news, Director Peter Warwick sold 91,156 shares of the business’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of C$45.87, for a total value of C$4,181,325.72.
Thomson Reuters Corp Company Profile
Thomson Reuters Corp (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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