What Next for Thomson Reuters Corp Stock After Today’s Huge Increase?

 What Next for Thomson Reuters Corp Stock After Today's Huge Increase?

The stock of Thomson Reuters Corp (TSE:TRI) is a huge mover today! About 98,867 shares traded hands. Thomson Reuters Corp (TSE:TRI) has risen 4.93% since April 5, 2016 and is uptrending. It has outperformed by 0.15% the S&P500.
The move comes after 6 months positive chart setup for the $40.93 billion company. It was reported on Nov, 9 by Barchart.com. We have $87.96 PT which if reached, will make TSE:TRI worth $23.74 billion more.

Thomson Reuters Corp (TSE:TRI) Ratings Coverage

Out of 5 analysts covering Thomson Reuters Corporation (TSE:TRI), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 40% are positive. $62.50 is the highest target while $43 is the lowest. The $51.60 average target is -7.31% below today’s ($55.67) stock price. Thomson Reuters Corporation has been the topic of 11 analyst reports since July 31, 2015 according to StockzIntelligence Inc. As per Wednesday, November 2, the company rating was maintained by RBC Capital Markets. The stock of Thomson Reuters Corp (TSE:TRI) earned “Hold” rating by TD Securities on Friday, September 16. The rating was upgraded by TD Securities to “Buy” on Friday, July 31. On Wednesday, November 2 the stock rating was maintained by TD Securities with “Hold”.

More recent Thomson Reuters Corp (TSE:TRI) news were published by: Wsj.com which released: “Thomson Reuters to Cut 2000 Jobs in Restructuring” on November 01, 2016. Also Forbes.com published the news titled: “Short Interest In Thomson Reuters Jumps 27.6%” on October 26, 2016. Blogs.Wsj.com‘s news article titled: “GE Cybersecurity Chief Departing for Thomson Reuters” with publication date: October 19, 2016 was also an interesting one.

Thomson Reuters Corporation is a provider of news and information for professional markets. The company has a market cap of $40.93 billion.

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