The stock of Thomson Reuters Corp (TSE:TRI) reached all time high today, Nov, 24 and still has $59.37 target or 3.00% above today’s $57.64 share price. This indicates more upside for the $42.53B company. This technical setup was reported by Barchart.com. If the $59.37 PT is reached, the company will be worth $1.28 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 14,191 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 -10.48% below today’s ($57.64) stock price. Thomson Reuters Corporation has been the topic of 11 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The rating was upgraded by TD Securities on Friday, July 31 to “Buy”. The rating was maintained by TD Securities on Wednesday, November 2 with “Hold”. The stock of Thomson Reuters Corp (TSE:TRI) has “Sector Perform” rating given on Wednesday, November 2 by RBC Capital Markets. 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 $42.53 billion.
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