In a new note to investors on September 9, an analyst has provided a rating update for the Services sector company, Thomson Reuters (TSX: TRI). BMO Capital’s analyst Tim Casey reiterates their Buy rating on the shares, with a C$65 price target.
Casey has an average return of 5.0% when recommending Thomson Reuters.
According to TipRanks.com, Casey is ranked #1419 out of 4872 analysts.
Thomson Reuters has an analyst consensus of Moderate Buy, with a price target consensus of C$49, representing a -17.4% downside. In a report issued on August 28, Canaccord Genuity also maintained a Buy rating on the stock with a C$45 price target.
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Based on Thomson Reuters’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of C$807 million. In comparison, last year the company had a net profit of C$250 million.
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.
The company’s shares closed on Thursday at C$59.34, close to its 52-week high of C$61.11.
