TD Securities Raises Thomson Reuters (TRI) Price Target to C$69.00

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its price target increased by TD Securities from C$68.00 to C$69.00 in a report issued on Wednesday. The firm currently has a buy rating on the stock.

A number of other analysts have also weighed in on TRI. Berenberg Bank upped their target price on shares of Thomson Reuters from C$42.00 to C$45.00 in a report on Tuesday, July 31st. National Bank Financial upped their target price on shares of Thomson Reuters from C$57.00 to C$59.00 and gave the stock an outperform rating in a report on Thursday, August 9th. Finally, BMO Capital Markets upped their target price on shares of Thomson Reuters from C$65.00 to C$69.00 in a report on Wednesday.

Shares of TRI stock traded up C$0.26 during trading on Wednesday, reaching C$62.84. 349,670 shares of the company’s stock traded hands, compared to its average volume of 897,527. Thomson Reuters has a 1 year low of C$46.69 and a 1 year high of C$63.18.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its earnings results on Wednesday, August 8th. The company reported C$0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.14 by C$0.08. The firm had revenue of C$1.69 billion for the quarter, compared to the consensus estimate of C$1.69 billion.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Thursday, November 15th will be issued a dividend of $0.452 per share. This represents a $1.81 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date is Wednesday, November 14th. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.45.

In related news, Director Vance A. Sider sold 88,548 shares of the company’s stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of C$45.56, for a total transaction 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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