Thomson Reuters Corp with ticker code (TRI) have now 14 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 135 and 95 with a mean TP of 118.71. With the stocks previous close at 104.23 this would indicate that there is a potential upside of 13.9%. The 50 day moving average now sits at 112.45 and the 200 day moving average is 109.7. The company has a market cap of $50,089m. Company Website: https://www.thomsonreuters.com
The potential market cap would be $57,047m based on the market concensus.
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Thomson Reuters Corporation provides business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments. The Corporates segment provides a suite of content-enabled technology solutions for legal, tax, regulatory, compliance, and IT professionals. The Tax & Accounting Professionals segment offers research and workflow products focusing on tax offerings and automating tax workflows to tax, accounting, and audit professionals in accounting firms. The Reuters News segment provides business, financial, national, and international news to professionals through desktop terminals, media organizations, and industry events, as well as directly to consumers. The Global Print segment offers legal and tax information primarily in print format to legal and tax professionals, governments, law schools, and corporations. Thomson Reuters Corporation has a strategic alliance with Deloitte Tax LLP to help corporate tax and legal departments enhance global digital transformation. The company was formerly known as The Thomson Corporation and changed its name to Thomson Reuters Corporation in April 2008. The company was founded in 1851 and is headquartered in Toronto, Canada. Thomson Reuters Corporation is a subsidiary of The Woodbridge Company Limited.