Thomson Reuters (TRI) Sets New 12-Month Low at $54.19

Shares of Thomson Reuters Corp (TSE:TRI) (NYSE:TRI) reached a new 52-week low on Thursday . The company traded as low as C$54.19 and last traded at C$54.86, with a volume of 507463 shares traded. The stock had previously closed at C$54.89.

A number of analysts have recently weighed in on the company. Scotiabank raised Thomson Reuters from a “sector perform” rating to an “outperform” rating and set a C$69.00 price objective on the stock in a research report on Tuesday, October 17th. National Bank Financial upped their price objective on Thomson Reuters from C$66.00 to C$69.00 and gave the stock an “outperform” rating in a research report on Thursday, November 2nd. TD Securities cut their price objective on Thomson Reuters from C$65.00 to C$64.00 and set a “buy” rating on the stock in a research report on Thursday, November 2nd. Finally, Royal Bank of Canada cut their price objective on Thomson Reuters to C$60.50 and set a “sector perform” rating on the stock in a research report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of C$63.75.

The company has a market cap of $38,490.00, a price-to-earnings ratio of 29.22 and a beta of 0.36.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Thursday, November 16th were issued a $0.345 dividend. This represents a $1.38 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend was Wednesday, November 15th. Thomson Reuters’s dividend payout ratio (DPR) is presently 73.92%.

In other Thomson Reuters news, insider Woodbridge Company Limited The bought 1,778 shares of the company’s stock in a transaction that occurred on Thursday, November 23rd. The shares were purchased at an average price of C$56.55 per share, with a total value of C$100,545.90.

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Thomson Reuters Company Profile

Thomson Reuters Corporation provides news and information for professional markets worldwide. It operates through three segments: Financial & Risk, Legal, and Tax & Accounting. The company 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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