Published On: Fri, Sep 16th, 2016

Thomson Reuters Corp (TRI) Given a C$56.00 Price Target at TD Securities

Thomson Reuters Corp (TSE:TRI) has been given a C$56.00 target price by equities research analysts at TD Securities in a research note issued on Friday. The brokerage currently has a a “hold” rating on the stock. TD Securities’ price target would indicate a potential upside of 4.21% from the company’s current price.
Shares of Thomson Reuters Corp (TSE:TRI) traded down 0.74% on Friday, hitting $53.34. The company’s stock had a trading volume of 834,774 shares. Thomson Reuters Corp has a 52 week low of $47.56 and a 52 week high of $57.66. The company has a market cap of $39.77 billion and a price-to-earnings ratio of 31.73. The stock’s 50 day moving average is $54.10 and its 200-day moving average is $53.15.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 15th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Tuesday, August 16th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.53%.

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In other news, Director Stewart Beaumont sold 17,000 shares of Thomson Reuters Corp stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of C$42.41, for a total transaction of C$720,970.00.

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