Most analysts say hold Thomson Reuters shares

One analyst rates TRI Sell, eight assign a Hold rating and four say Buy. The average 12-month price target among brokers that covered the stock in the last year is C$40.00.

Thomson Reuters shares closed at C$38.32 on the Toronto Stock Exchange on Monday. TRI’s 52-week range is C$32.37 to C$42.10. The stock has a 50-day moving average of C$37.9 and a 200-day moving average of C$38.63.

A number of analysts have recently weighed in on TRI shares. Those at TD Securities raised their price target from C$40.00 to C$44.00 last month. They now have a Hold rating on the stock. Separately, analysts at Deutsche Bank initiated coverage on shares of Thomson Reuters, setting a Hold rating. Scotiabank reiterated a Sector Perform rating. ■