The TD Securities Boosts Thomson Reuters Corp (TRI) Price Target to C$65.00

The TD Securities Boosts Thomson Reuters Corp (TRI) Price Target to C$65.00

A number of other brokerages have also issued reports on TRI. Scotiabank lifted their target price on shares of Thomson Reuters Corp to C$48.00 and gave the company a “sector perform” rating in a research note on Monday, May 1st. Macquarie lifted their target price on shares of Thomson Reuters Corp from C$49.90 to C$70.00 in a research note on Thursday, June 15th. Berenberg Bank reissued a “sell” rating and set a C$50.00 target price on shares of Thomson Reuters Corp in a research note on Thursday, April 20th. Finally, National Bank Financial raised shares of Thomson Reuters Corp from a “sector perform market weight” rating to an “outperform market weight” rating in a research note on Monday, April 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of C$57.49.

Thomson Reuters Corp (TSE:TRI) (NYSE:TRI) had its price target boosted by stock analysts at TD Securities from C$61.00 to C$65.00 in a research report issued on Wednesday. The firm currently has a “hold” rating on the stock. TD Securities’ price objective would suggest a potential upside of 8.03% from the company’s previous close.

Thomson Reuters Corp (TRI) traded down 0.93% during mid-day trading on Wednesday, hitting $59.61. The stock had a trading volume of 542,163 shares. The firm’s 50-day moving average is $59.32 and its 200 day moving average is $58.73. Thomson Reuters Corp has a one year low of $52.01 and a one year high of $62.83. The stock has a market cap of $43.03 billion and a PE ratio of 14.10.

In other news, Director Marc E. Gold sold 4,616 shares of the firm’s stock in a transaction on Thursday, May 4th. The shares were sold at an average price of C$44.44, for a total transaction of C$205,135.04. Also, Director Ruth Clamp-Held sold 3,628 shares of the firm’s stock in a transaction on Friday, June 16th. The shares were sold at an average price of C$46.02, for a total transaction of C$166,960.56. Insiders have sold a total of 28,738 shares of company stock valued at $1,280,204 in the last three months.

About Thomson Reuters Corp

Thomson Reuters Corporation (Thomson Reuters) is a 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 segment 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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