Thomson Reuters PT Raised to $40.00 (TRI)
Investment analysts at RBC Capital raised their price objective on shares of Thomson Reuters (NYSE:TRI) from $39.00 to $40.00 in a note issued to investors on Tuesday. The firm currently has an “outperform” rating on the stock. RBC Capital’s price objective points to a potential upside of 7.90% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group initiated coverage on shares of Thomson Reuters in a research note on Thursday, July 24th. They set a “hold” rating and a $36.00 price target on the stock. Separately, analysts at Barclays raised their price target on shares of Thomson Reuters from $38.00 to $40.00 in a research note on Monday, July 14th. They now have an “equal weight” rating on the stock. Finally, analysts at Zacks upgraded shares of Thomson Reuters from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 2nd. They now have a $38.90 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $38.73.
Shares of Thomson Reuters (NYSE:TRI) traded up 0.08% during mid-day trading on Tuesday, hitting $37.10. 188,261 shares of the company’s stock traded hands. Thomson Reuters has a 52 week low of $32.87 and a 52 week high of $38.73. The stock’s 50-day moving average is $36.34 and its 200-day moving average is $35.42. The company has a market cap of $30.091 billion and a P/E ratio of 68.78.
Thomson Reuters Corporation (NYSE:TRI) is a provider of information for the world’s businesses and professionals.
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