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National Bank Believes Thomson Reuters (TRI) Won’t Stop Here


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.

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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.