A Wall Street analyst has provided a review for the Services company today, but retained the same rating on the stock. Thomson Reuters (TRI) received a Buy rating from TD Securities’ analyst Vince Valentini, with a C$80 price target.
According to TipRanks.com, Valentini is a 4-star analyst with an average return of 3.8% and a 65.6% success rate. Valentini covers the Technology sector, focusing on stocks such as Rogers Communication, BCE Inc, and Telus.
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Thomson Reuters has an analyst consensus of Moderate Buy, with a price target consensus of C$65.60, a -4.3% downside from current levels. In a report released today, National Bank also maintained a Buy rating on the stock with a C$73 price target.
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Based on Thomson Reuters’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$341 million. In comparison, last year the company had a net profit of C$415 million.
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.
