Thomson Reuters (TRI) Sets New 1-Year Low at $54.07
Thomson Reuters Corp (TSE:TRI) (NYSE:TRI)’s share price hit a new 52-week low on Monday . The company traded as low as C$54.07 and last traded at C$54.58, with a volume of 441004 shares traded. The stock had previously closed at C$54.22.
A number of equities analysts recently weighed in on TRI shares. Scotiabank upgraded shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating and set a C$69.00 price objective for the company in a report on Tuesday, October 17th. TD Securities decreased their price objective on shares of Thomson Reuters from C$65.00 to C$64.00 and set a “buy” rating for the company in a report on Thursday, November 2nd. Royal Bank of Canada decreased their price objective on shares of Thomson Reuters to C$60.50 and set a “sector perform” rating for the company in a report on Thursday, November 2nd. Finally, National Bank Financial boosted their price objective on shares of Thomson Reuters from C$66.00 to C$69.00 and gave the stock an “outperform” rating in a report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of C$63.75.
The company has a market capitalization of $38,710.00, a PE ratio of 29.20 and a beta of 0.36.
In related news, insider Woodbridge Company Limited The bought 1,778 shares of the business’s stock in a transaction on Thursday, November 23rd. The stock was acquired at an average price of C$56.55 per share, with a total value of C$100,545.90.
About Thomson Reuters
Thomson Reuters Corp (Thomson Reuters) is a Canada-based 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 unit 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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