In a latest note to investors, a research analyst has provided a rating update for the Services sector company, Thomson Reuters (TRI). Analyst Tim Casey from BMO Capital reiterated a Hold rating, with a C$95 price target today.
According to TipRanks.com, Casey is a 4-star analyst with an average return of 8.0% and a 73.0% success rate. Casey covers the Services sector, focusing on stocks such as Shaw Communications Inc, Thomson Reuters Corp, and The Stars Group Inc.
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Currently, the analyst consensus on Thomson Reuters is a Hold with an average price target of C$81, implying a -7.0% downside from current levels. In a report issued on July 29, National Bank also downgraded the stock to Hold with a C$90 price target.
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Based on Thomson Reuters’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of C$253 million. In comparison, last year the company had a net profit of C$807 million.
Thomson Reuters Corp. engages in the provision of news and information for professional markets. It operates through the following segments: Legal Professionals, Corporates, Tax Professionals, Reuters News and Global Print.
The company’s shares closed on Friday at C$87.11.
