TRI shares upgraded to Overweight from Neutral
Sunday 25 May 2014
Thomson Reuters shares were upgraded to Overweight from Neutral by equities researchers at JPMorgan Chase.
In a research report issued on Friday, the firm also raised its price target to $34.00 from $32.00. The target price points to a potential downside of three per cent from the current price - $35.16 at Friday’s close in New York. The 52-week range is $31.38-$38.73.
Among other analysts who have recently commented on Thomson Reuters, those at Scotiabank raised their price target to C$43.00 from C$42.00 and have a Sector Perform rating on the stock.
At Deutsche Bank, analysts raised their price target to $34.00 from $32.00 and rated the stock Hold.
Analysts at RBC Capital raised their price target to $39.00 from $38.00 and rated TRI Outperform.
One analyst has rated the stock Sell, eight Hold and five say Buy. The average rating is Hold and the consensus target price is $37.73.
Thomson Reuters’ next quarterly dividend of £0.33 per share is scheduled for payment on 16 June to investors of record on 22 May. ■