Thomson Reuters (TSE:TRI) Raised to Strong-Buy at The Goldman Sachs Group

Thomson Reuters (TSE:TRI) (NYSE:TRI) was upgraded by The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

Several other analysts have also recently commented on the stock. Scotiabank upgraded shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 6th. BMO Capital Markets increased their target price on shares of Thomson Reuters from C$280.00 to C$308.00 in a report on Wednesday, July 16th. Wells Fargo & Company raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 9th. TD Securities raised Thomson Reuters from a “hold” rating to a “buy” rating and raised their price objective for the company from C$275.00 to C$285.00 in a research note on Thursday, August 28th. Finally, National Bankshares boosted their target price on Thomson Reuters from C$286.00 to C$300.00 and gave the stock an “outperform” rating in a research report on Thursday, July 10th. Four investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Thomson Reuters currently has a consensus rating of “Buy” and a consensus price target of C$265.80.

Thomson Reuters Price Performance

Thomson Reuters stock opened at C$223.78 on Wednesday. The company has a market cap of C$100.85 billion, a P/E ratio of 61.82, a price-to-earnings-growth ratio of 3.64 and a beta of 0.33. Thomson Reuters has a one year low of C$209.23 and a one year high of C$299.24. The business has a fifty day moving average of C$231.33 and a two-hundred day moving average of C$252.63. The company has a debt-to-equity ratio of 24.28, a quick ratio of 0.52 and a current ratio of 0.94.

Thomson Reuters Company Profile

Thomson Reuters is the result of the $17.6 billion megamerger of Canada’s Thomson and the United Kingdom’s Reuters Group in 2008 and the 2018 carve-out of its finance and risk business, Refinitiv, in which it holds a 45% stake. In 2019, the company agreed to exchange its 45% stake in Refinitiv for a 15% stake in LSE.