Thomson Reuters Corp (TRI) Receives Price Target

Thomson Reuters Corp (TRI) : Average target price received by Thomson Reuters Corp (TRI) is $43.18 with an expected standard deviation of $4.23. The most aggressive target on the stock is $53, whereas the most downbeat target is $39. 9 financial analysts are currently covering the stock.

Thomson Reuters Corp (TRI) : Zacks Investment Research ranks Thomson Reuters Corp (TRI) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 8 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 10 research analysts is 2.6, which indicates as a Hold.


Also, Macquarie initiates coverage on Thomson Reuters Corp (NYSE:TRI). The rating major has initiated the coverage with neutral rating on the shares. The rating by the firm was issued on August 25, 2016.

Thomson Reuters Corp (NYSE:TRI): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $41.46 and $41.24 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $41.91. The buying momentum continued till the end and the stock did not give up its gains. It closed at $41.86, notching a gain of 0.89% for the day. The total traded volume was 939,217 . The stock had closed at $41.49 on the previous day.

Thomson Reuters Corporation is a provider of intelligent information for businesses and professionals. The Company is organized into four business units: Financial & Risk, Legal, Tax & Accounting and Intellectual Property & Science. Financial & Risk business unit provides news, information and analytics, enabling transactions and bringing together financial communities. It also provides regulatory and operational risk management solutions. Legal business unit provides online and print information, decision tools, software and services that support legal, investigation, business and government professionals. Tax & Accounting business unit provides integrated tax compliance and accounting information, software and services for professionals in accounting firms, corporations, law firms and government. Intellectual Property & Science business unit provides intellectual property and scientific information, decision support tools and services.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.