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TRI shares reach 52-week high in Toronto

Thursday 6 May 2010

Thomson Reuters shares set a new 52-week high in Toronto on Thursday, reaching C$39.56 before slipping back to close 2.21 per cent higher on the day at C$38.86. TRI.TO's lowest price on the Toronto Stock Exchange over the past 12 months is C$32.11.

Morgan Stanley earlier raised its price target for the stock to C$39 from C$36.

In New York, TRI reached $38.11 but closed 0.43 per cent lower at $36.84 after Wall Street suffered a sharp correction over worries about European sovereign debt.

On Tuesday, Thomson Reuters reported lower first-quarter profit but reiterated that net sales would strengthen throughout this year and that 2010 revenue would grow again in the second half. ■

SOURCE
Reuters