Thomson Reuters Corp (TRI) Given Consensus Recommendation of “Buy” by Analysts
Shares of Thomson Reuters Corp (TSE:TRI) (NYSE:TRI) have been given a consensus recommendation of “Buy” by the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$63.79.
A number of analysts have commented on the stock. Royal Bank Of Canada restated a “sector perform” rating and set a C$59.00 price target on shares of Thomson Reuters Corp in a research note on Thursday, August 3rd. TD Securities boosted their price target on shares of Thomson Reuters Corp from C$61.00 to C$65.00 and gave the company a “hold” rating in a research note on Wednesday, August 2nd. Scotiabank boosted their price target 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, National Bank Financial boosted their price target on shares of Thomson Reuters Corp from C$64.00 to C$66.00 and gave the company an “outperform” rating in a research note on Monday, July 31st.
In other news, Director Peter Warwick sold 91,156 shares of the company’s stock in a transaction on 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 (TSE TRI) traded up C$0.07 during midday trading on Thursday, hitting C$56.86. 208,427 shares of the stock traded hands, compared to its average volume of 704,344. Thomson Reuters Corp has a 12-month low of C$55.05 and a 12-month high of C$62.83.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 16th will be paid a $0.345 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.38 annualized dividend and a dividend yield of 2.43%.
About Thomson Reuters Corp
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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