Thomson Reuters Corp (TRI) PT Lowered to C$77.00 at TD Securities

Thomson Reuters Corp (TSE:TRI) (NYSE:TRI) had its target price cut by TD Securities to C$77.00 in a research report report published on Thursday, July 20th, StockTargetPrices.com reports. They currently have a hold rating on the stock.

A number of other research firms also recently weighed in on TRI. Berenberg Bank reaffirmed a sell rating and issued a C$50.00 target price on shares of Thomson Reuters Corp in a research report on Thursday, April 20th. National Bank Financial upgraded shares of Thomson Reuters Corp from a sector perform market weight rating to an outperform market weight rating in a research note on Monday, April 17th. Scotiabank increased their price target on shares of Thomson Reuters Corp to C$48.00 and gave the company a sector perform rating in a research note on Monday, May 1st. Finally, Macquarie increased their price target on shares of Thomson Reuters Corp from C$49.90 to C$70.00 in a research note on Thursday, June 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of C$57.38.

Thomson Reuters Corp (TSE:TRI) opened at 59.56 on Thursday. The firm’s 50-day moving average is $59.33 and its 200-day moving average is $58.75. Thomson Reuters Corp has a 52-week low of $52.01 and a 52-week high of $62.83. The firm has a market cap of $42.94 billion and a price-to-earnings ratio of 14.63.

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The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 17th will be paid a dividend of $0.345 per share. This represents a $1.38 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Tuesday, August 15th.

In other news, Director Ruth Clamp-Held sold 3,628 shares of the firm’s stock in a transaction dated Friday, June 16th. The shares were sold at an average price of C$46.02, for a total transaction of C$166,960.56. Also, insider Stephane Bello sold 78,800 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of C$47.58, for a total transaction of C$3,749,304.00. In the last 90 days, insiders have sold 195,087 shares of company stock valued at $9,204,053.

Thomson Reuters Corp Company Profile

Thomson Reuters Corporation provides news and information for professional markets worldwide. It operates through three segments: Financial & Risk, Legal, and Tax & Accounting. The company sells electronic content and services to professionals primarily on a subscription basis. The Financial & Risk segment offers critical news, information, and analytics enabling transactions and connecting communities of trading, investment, financial, and corporate professionals.

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