Shares of Thomson Reuters Corp (TSE:TRI) (NYSE:TRI) reached a new 52-week low on Wednesday . The stock traded as low as C$54.71 and last traded at C$55.23, with a volume of 413252 shares changing hands. The stock had previously closed at C$55.30.
Several research firms have weighed in on TRI. 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 lifted their price objective on Thomson Reuters from C$66.00 to C$69.00 and gave the company 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 investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of C$63.75.
The stock has a market capitalization of $39,170.00, a PE ratio of 29.10 and a beta of 0.36.
In related news, insider Woodbridge Company Limited The purchased 1,778 shares of the company’s stock in a transaction dated Thursday, November 23rd. The shares were purchased at an average cost of C$56.55 per share, with a total value of C$100,545.90.
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About Thomson Reuters
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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