National Bank Believes Thomson Reuters Corp (TRI) Still Has Room to Grow
According to The Fly, national Bank analyst Adam Shine maintained a Buy rating on Thomson Reuters Corp (TRI) today. The company’s shares closed yesterday at $51, close to its 52-week high of $51.75.
Shine has an average return of 6.5% when recommending Thomson Reuters Corp.
According to TipRanks.com, Shine is ranked #1548 out of 5124 analysts.
Thomson Reuters Corp has an analyst consensus of Moderate Buy, with a price target consensus of $51.50, which is a 1.0% upside from current levels. In a report released yesterday, BMO Capital also reiterated a Buy rating on the stock.
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Based on Thomson Reuters Corp’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $261 million. In comparison, last year the company had a net profit of $331 million.
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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.