Thomson Reuters (TRI) Receives a Hold from RBC Capital

RBC Capital analyst Drew Mcreynolds maintained a Hold rating on Thomson Reuters (TRI – Research Report) on April 29 and set a price target of $156.00. The company’s shares closed yesterday at $151.10.

Mcreynolds covers the Communication Services sector, focusing on stocks such as Corus Entertainment, Cineplex, and WildBrain. According to TipRanks, Mcreynolds has an average return of 2.5% and a 50.80% success rate on recommended stocks.

Currently, the analyst consensus on Thomson Reuters is a Hold with an average price target of $160.31, representing a 6.10% upside. In a report released on April 22, National Bank also upgraded the stock to a Hold with a C$217.00 price target.

The company has a one-year high of $161.03 and a one-year low of $112.91. Currently, Thomson Reuters has an average volume of 315.1K.

Based on the recent corporate insider activity of 108 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.

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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.