The Goldman Sachs Group Upgrades Thomson Reuters (TSE:TRI) to “Strong-Buy”

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

Other equities research analysts also recently issued research reports about the company. National Bankshares upped 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. Cibc World Mkts upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 19th. TD Securities upgraded shares of Thomson Reuters from a “hold” rating to a “buy” rating and boosted their target price for the company from C$275.00 to C$285.00 in a research note on Thursday, August 28th. Scotiabank raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 6th. Finally, BMO Capital Markets boosted their target price on shares of Thomson Reuters from C$280.00 to C$308.00 in a research note on Wednesday, July 16th. 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. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$265.80.

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Thomson Reuters Stock Performance

Thomson Reuters stock opened at C$219.75 on Wednesday. The company has a market cap of C$99.04 billion, a price-to-earnings ratio of 60.70, a price-to-earnings-growth ratio of 3.64 and a beta of 0.33. The company has a debt-to-equity ratio of 24.28, a current ratio of 0.94 and a quick ratio of 0.52. Thomson Reuters has a 12 month low of C$209.23 and a 12 month high of C$299.24. The stock’s 50-day moving average is C$230.73 and its 200-day moving average is C$252.43.

About Thomson Reuters

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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.

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