In a new note to investors today, an analyst has provided a rating update for the Services sector company, Thomson Reuters (TRI). National Bank’s analyst Adam Shine reiterates their Buy rating on the shares, with a C$73 price target.
Shine has an average return of 17.3% when recommending Thomson Reuters.
According to TipRanks.com, Shine is ranked #1548 out of 5124 analysts.
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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Thomson Reuters with a C$65.60 average price target, which is a -4.3% downside from current levels. In a report released today, TD Securities also maintained a Buy rating on the stock with a C$80 price target.
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Thomson Reuters’ market cap is currently C$42.95B and has a P/E ratio of 29.9. The company has a Price to Book ratio of 2.76.
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 Wednesday at C$68.56, close to its 52-week high of C$71.54.
