TD Securities Boosts Thomson Reuters (TRI) Price Target to C$68.00
Several other brokerages have also recently weighed in on TRI. National Bank Financial lifted their price objective on Thomson Reuters from C$60.00 to C$67.00 and gave the company an outperform rating in a report on Thursday, October 4th. Berenberg Bank lifted their price objective on Thomson Reuters from C$42.00 to C$45.00 in a report on Tuesday, July 31st.
Shares of TSE TRI opened at C$59.71 on Wednesday. Thomson Reuters has a fifty-two week low of C$46.69 and a fifty-two week high of C$61.11.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Thursday, November 15th will be issued a $0.452 dividend. The ex-dividend date is Wednesday, November 14th. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.45. This represents a $1.81 annualized dividend and a yield of 3.03%.
In other Thomson Reuters news, Director Vance A. Sider sold 88,548 shares of Thomson Reuters stock in a transaction on Thursday, September 13th. The stock was sold at an average price of C$45.56, for a total value of C$4,034,246.88.
About Thomson Reuters
Thomson Reuters Corporation provides news and information for professional markets worldwide. The company operates through three segments: Financial & Risk, Legal, and Tax & Accounting. It 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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