Thomson Reuters (TRI) Given New C$42.00 Price Target at Berenberg Bank

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its price target lowered by Berenberg Bank from C$45.00 to C$42.00 in a research report sent to investors on Tuesday.

Separately, National Bank Financial cut their target price on Thomson Reuters from C$60.00 to C$54.00 and set an outperform rating on the stock in a report on Monday, May 14th.

Shares of Thomson Reuters opened at C$50.19 on Tuesday, according to Thomson Reuters has a 12-month low of C$46.69 and a 12-month high of C$62.12.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Thursday, May 17th will be issued a $0.345 dividend. This represents a $1.38 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date is Wednesday, May 16th.

In other Thomson Reuters news, Director Stewart Beaumont sold 3,500 shares of the firm’s stock in a transaction on Thursday, May 17th. The stock was sold at an average price of C$39.13, for a total transaction of C$136,955.00. Also, Director Linda Walker sold 9,690 shares of the firm’s stock in a transaction on Monday, March 19th. The shares were sold at an average price of C$38.98, for a total value of C$377,716.20. Over the last quarter, insiders sold 21,063 shares of company stock worth $833,370.

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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