Barclays Sticks to Their Hold Rating for Thomson Reuters Corp (TRI)
In a report issued on December 7, Manav Patnaik from Barclays maintained a Hold rating on Thomson Reuters Corp (TRI), with a price target of $55. The company’s shares closed on Friday at $50.49, close to its 52-week high of $51.75.
According to TipRanks.com, Patnaik is a 5-star analyst with an average return of 10.3% and a 67.0% success rate. Patnaik covers the Services sector, focusing on stocks such as Emerald Expositions Events Inc, Factset Research, and ARAMARK Holdings.
Thomson Reuters Corp has an analyst consensus of Moderate Buy, with a price target consensus of $52.67, a 4.3% upside from current levels. In a report issued on December 5, Canaccord Genuity also downgraded the stock to Hold with a $52 price target.
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Thomson Reuters Corp’s market cap is currently $32.09B and has a P/E ratio of 28.91. The company has a Price to Book ratio of 2.67.
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Thomson Reuters Corp. engages in the provision of news and information for professional markets. It operates through the following business segments: Financial & Risk, Legal, and Tax & Accounting.