The stock of Thomson Reuters Corp (TSE:TRI) hit a new 52-week high and has $60.04 target or 4.00% above today’s $57.73 share price. The 6 months bullish chart indicates low risk for the $42.60B company. The 1-year high was reported on Nov, 24 by Barchart.com. If the $60.04 price target is reached, the company will be worth $1.70B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 7,271 shares traded hands. Thomson Reuters Corp (TSE:TRI) has risen 10.74% since April 20, 2016 and is uptrending. It has outperformed by 5.33% the S&P500.
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 -10.62% below today’s ($57.73) stock price. Thomson Reuters Corporation has been the topic of 11 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating given on Wednesday, November 2 by TD Securities. TD Securities upgraded Thomson Reuters Corp (TSE:TRI) on Friday, July 31 to “Buy” rating. On Wednesday, November 2 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. As per Friday, September 16, the company rating was maintained by TD Securities.
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 Nasdaq.com published the news titled: “Thomson Reuters Corp (TRI) Ex-Dividend Date Scheduled for November 15, 2016” on November 14, 2016. Forbes.com‘s news article titled: “Short Interest In Thomson Reuters Jumps 27.6%” with publication date: October 26, 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 $42.60 billion.
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