Royal Bank Of Canada Cuts Thomson Reuters Corp (TRI) Price Target to C$60.50

Thomson Reuters Corp (TSE:TRI) (NYSE:TRI) had its price target lowered by Royal Bank Of Canada to C$60.50 in a research report released on Thursday, reports. The brokerage currently has a sector perform rating on the stock.

A number of other research firms also recently weighed in on TRI. 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 report on Thursday. TD Securities decreased their target price on shares of Thomson Reuters Corp from C$65.00 to C$64.00 and set a buy rating for the company in a research report on Thursday. Finally, Scotiabank raised their target price on shares of Thomson Reuters Corp to C$47.00 and gave the company a sector perform rating in a research report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. Thomson Reuters Corp currently has an average rating of Buy and a consensus target price of C$63.79.

Thomson Reuters Corp (TSE TRI) opened at C$56.89 on Thursday. Thomson Reuters Corp has a 12-month low of C$54.69 and a 12-month high of C$62.83.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 16th will be given a $0.345 dividend. This represents a $1.38 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend is Wednesday, November 15th.

In other Thomson Reuters Corp news, Director Peter Warwick sold 91,156 shares of the 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 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.

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