Stock Analysis:Thomson Reuters Corporation (NYSE:TRI) Target Change
In a recent research report distributed to Clients by Nomura on Thursday, 3 December, Thomson Reuters Corporation (NYSE:TRI) had its target price per share lifted to $43.00. The firm presently has a solid “Neutral” rating on shares.
From a total of 17 analysts covering Thomson Reuters (NYSE:TRI) stock, 6 rate it a ”Buy”, 0 a “Sell”, and 12 a ”Hold”. This means that 33% of the ratings are positive. The highest target price is $47.05 while the lowest target price is $38. The mean of all analyst targets is $42.19 with a 12.41% above today’s ($40.92) stock price. Thomson Reuters was the topic of 5 analyst reports since July 29, 2015 according to the firm StockzIntelligence Inc. FBR Capital downgraded shares on October 26 to “Mkt Perform” rating. TD Securities upgraded TRI stock in a recent report from July 29 to “Buy” rating.
Approximately 193,321 shares of stock traded hands. Thomson Reuters Corp (NYSE:TRI) has risen 0.02% since April 30, 2015 and is uptrending. It has outperformed by 0.31% the S&P500.
Thomson Reuters Corporation is a provider of intelligent information for businesses and professionals. The company has a market cap of $31.56 billion. The Firm is organized into four business units: Financial & Risk, Legal, Tax & Accounting and Intellectual Property & Science. It has 16.37 P/E ratio. Financial & Risk business unit provides news, information and analytics, enabling transactions and bringing together financial communities.
According to Zacks Investment Research, “Thomson Corporation is a leading provider of value-added information and technology to users in the fields of law, tax, accounting, financial services, higher education, reference information, corporate training and assessment, scientific research and healthcare.” Get a free copy of the Zacks research report on Thomson Reuters Corp (TRI).