Thomson Reuters Corp (TRI) Given Consensus Rating of “Buy” by Analysts
Shares of Thomson Reuters Corp (TSE:TRI) (NYSE:TRI) have been given an average rating of “Buy” by the eight ratings firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$61.31.
A number of equities research analysts recently weighed in on the stock. Royal Bank Of Canada lowered their target price on shares of Thomson Reuters Corp to C$60.50 and set a “sector perform” rating on the stock in a research note on Thursday. National Bank Financial raised their target price on shares of Thomson Reuters Corp from C$66.00 to C$69.00 and gave the company an “outperform” rating in a research note on Thursday. 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. Finally, Scotiabank raised shares of Thomson Reuters Corp from a “sector perform” rating to an “outperform” rating and set a C$69.00 target price on the stock in a research note on Tuesday, October 17th.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 16th will be paid a $0.345 dividend. This represents a $1.38 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend is Wednesday, November 15th.
In related news, Director Peter Warwick sold 91,156 shares of the firm’s stock in a transaction that occurred 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 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.
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 MarketBeat.com's FREE daily email newsletter.