In a new note to investors today, an analyst has provided a rating update for the Services sector company, Thomson Reuters (TSX: TRI). Analyst Adam Shine from National Bank rated Thomson Reuters (TSX: TRI) a Buy, setting a C$67 price target.
Shine has an average return of 12.1% when recommending Thomson Reuters.
According to TipRanks.com, Shine is ranked #2775 out of 4884 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Thomson Reuters with a C$55.75 average price target.
Thomson Reuters’ market cap is currently C$42.87B and has a P/E ratio of 28.3. The company has a Price to Book ratio of 2.80.
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$60.46, close to its 52-week high of C$61.11.