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TRI shares downgraded to Reduce

Thomson Reuters shares were downgraded by research analysts at Nomura to a Reduce rating on Wednesday.

TRI shares traded on the New York Stock Exchange have a 52-week low of $27.67 and a 52-week high of $38.73.

Other firms have also recently commented on TRI. Analysts at FBR Capital Markets initiated coverage on 20 November, setting an Outperform rating and a $44 price target. Analysts at Barclays initiated coverage on 5 November, setting an Equal Weight rating and a $40 price target.

One investment analyst has rated the stock Sell, five have assigned a Hold rating and seven have given a Buy rating to the company. The stock has an average rating of Hold and an average price target of $38.13.

Thomson Reuters’ next dividend is scheduled for 16 December. Shareholders of  record on 21 November will be paid $0.33 per share. The ex-dividend date is 19 November. ■

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