In a report released today, Drew Mcreynolds from RBC Capital assigned a Hold rating to Thomson Reuters (TRI – Research Report), with a price target of $153.00. The company’s shares closed yesterday at $158.51.
According to TipRanks, Mcreynolds is a 3-star analyst with an average return of 1.4% and a 50.54% success rate. Mcreynolds covers the Communication Services sector, focusing on stocks such as BCE, Rogers Communication, and Telus.
Currently, the analyst consensus on Thomson Reuters is a Hold with an average price target of $153.45, a -3.19% downside from current levels. In a report released yesterday, Canaccord Genuity also maintained a Hold rating on the stock with a $149.00 price target.
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TRI market cap is currently $71.54B and has a P/E ratio of 27.26.
Based on the recent corporate insider activity of 116 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TRI in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Thomson Reuters (TRI) Company Description:
Thomson Reuters Corporation is a multinational media conglomerate which engages in providing news and business information services to professionals. It offers value-added information and technology to users in the fields of accounting, financial services, law, tax, corporate training and assessment, reference information, higher education, scientific research and healthcare.
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