RBC Capital Believes Thomson Reuters Corp (TRI) Still Has Room to Grow
RBC Capital analyst Drew Mcreynolds reiterated a Buy rating on Thomson Reuters Corp (TRI) today and set a price target of $53. The company’s shares closed yesterday at $51, close to its 52-week high of $51.75.
Mcreynolds has an average return of 17.8% when recommending Thomson Reuters Corp.
According to TipRanks.com, Mcreynolds is ranked #1476 out of 5124 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Thomson Reuters Corp with a $51.50 average price target, 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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Thomson Reuters Corp’s market cap is currently $32.41B and has a P/E ratio of 29.20. The company has a Price to Book ratio of 2.70.
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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.