Thomson Reuters (TRI) Price Target Increased to C$59.00 by Analysts at National Bank Financial

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its target price boosted by National Bank Financial from C$57.00 to C$59.00 in a report published on Thursday. They currently have an outperform rating on the stock.

Separately, Berenberg Bank upped their price target on Thomson Reuters from C$42.00 to C$45.00 in a research report on Tuesday, July 31st.

Thomson Reuters opened at C$55.21 on Thursday, Marketbeat.com reports. Thomson Reuters has a 1-year low of C$46.69 and a 1-year high of C$61.11.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its quarterly earnings results on Friday, May 11th. The company reported C$0.35 earnings per share for the quarter, missing the consensus estimate of C$0.48 by C($0.13). The business had revenue of C$1.74 billion for the quarter, compared to analyst estimates of C$1.70 billion. Thomson Reuters had a net margin of 9.85% and a return on equity of 8.57%.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 17th. Shareholders of record on Thursday, August 16th will be given a $0.449 dividend. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.35. This represents a $1.80 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend is Wednesday, August 15th.

In other Thomson Reuters news, Director Marc E. Gold sold 16,000 shares of the company’s stock in a transaction dated Friday, June 8th. The stock was sold at an average price of C$40.65, for a total value of C$650,400.00. Also, Director Stewart Beaumont sold 3,500 shares of the company’s stock in a transaction dated Thursday, May 17th. The stock was sold at an average price of C$39.13, for a total value of C$136,955.00. Over the last ninety days, insiders sold 41,872 shares of company stock worth $1,695,463.

Thomson Reuters Company Profile

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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