Thomson Reuters (TSE:TRI) Stock Rating Upgraded by Canaccord Genuity Group

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

A number of other brokerages have also recently weighed in on TRI. The Goldman Sachs Group upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Scotiabank upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 6th. Wells Fargo & Company raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 9th. Huber Research raised Thomson Reuters to a “strong-buy” rating in a report on Monday, October 20th. Finally, Cibc World Mkts raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 19th. Six investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy” and a consensus target price of C$265.80.

Thomson Reuters Trading Down 1.5%

Shares of TSE TRI opened at C$203.53 on Wednesday. The company has a debt-to-equity ratio of 24.28, a current ratio of 0.94 and a quick ratio of 0.52. The stock has a market capitalization of C$91.73 billion, a P/E ratio of 56.22, a price-to-earnings-growth ratio of 3.64 and a beta of 0.33. Thomson Reuters has a 1-year low of C$202.71 and a 1-year high of C$299.24. The business has a fifty day moving average price of C$225.01 and a 200 day moving average price of C$250.38.

About Thomson Reuters

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.