Thomson Reuters Corp’s (TRI) “Sector Perform” Rating Reiterated at Royal Bank Of Canada
Royal Bank Of Canada restated their sector perform rating on shares of Thomson Reuters Corp (TSE:TRI) (NYSE:TRI) in a report issued on Thursday morning, StockTargetPrices.com reports. Royal Bank Of Canada currently has a C$59.00 target price on the stock.
TRI has been the subject of a number of other research reports. TD Securities lowered their price objective on shares of Thomson Reuters Corp to C$77.00 and set a hold rating for the company in a research report on Thursday, July 20th. Scotiabank reaffirmed a sector perform rating and set a C$43.00 price objective on shares of Thomson Reuters Corp in a research report on Tuesday, April 25th. Macquarie boosted their price objective on shares of Thomson Reuters Corp from C$49.90 to C$70.00 in a research report on Thursday, June 15th. National Bank Financial raised shares of Thomson Reuters Corp from a sector perform market weight rating to an outperform market weight rating in a research report on Monday, April 17th. Finally, Berenberg Bank reaffirmed a sell rating and set a C$50.00 price objective on shares of Thomson Reuters Corp in a research report on Thursday, April 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of Hold and an average price target of C$57.38.
Thomson Reuters Corp (TSE:TRI) opened at 59.82 on Thursday. Thomson Reuters Corp has a 12-month low of $52.01 and a 12-month high of $62.83. The stock has a market cap of $43.13 billion and a price-to-earnings ratio of 14.69. The company’s 50 day moving average price is $59.32 and its 200-day moving average price is $58.73.
TRADEMARK VIOLATION NOTICE: “Thomson Reuters Corp’s (TRI) “Sector Perform” Rating Reiterated at Royal Bank Of Canada” was originally published by Daily Political and is owned by of Daily Political. If you are reading this article on another website, it was stolen and republished in violation of US & international trademark & copyright legislation. The legal version of this article can be viewed at https://www.dailypolitical.com/2017/08/07/thomson-reuters-corps-tri-sector-perform-rating-reiterated-at-royal-bank-of-canada.html.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 17th will be given a $0.345 dividend. This represents a $1.38 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend is Tuesday, August 15th.
In other Thomson Reuters Corp news, Director Brian S. Peccarelli sold 12,500 shares of the company’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of C$44.19, for a total value of C$552,375.00. Also, Director Neil Thomas Masterson sold 92,165 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of C$47.52, for a total transaction of C$4,379,680.80. In the last 90 days, insiders sold 116,287 shares of company stock valued at $5,454,749.
About Thomson Reuters Corp
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.
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.