News
TRI shares hit 52-week high in New York
Wednesday 17 February 2010
Thomson Reuters hit a 52-week high of $36.07 on the New York Stock Exchange, but closed down 0.1 per cent. The last trade of the day was $35.60, down two cents or 0.06 per cent.
TRI has increased 6.2 per cent during the past month. The company is scheduled to report its 2009 fourth quarter and full year results on 24 February.
In Toronto, Thomson Reuters shares closed at C$37.25, up 0.16 per cent on the day.
US website TheStreet.com rated Thomson Reuters buy and noted the stock soared 51 per cent during the past year, beating US benchmarks. "The shares are undervalued relative to those of media peers based on projected earnings and book value. They are costly based on sales and cash flow," it said. ■
- SOURCE
- The Street
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