Ahead of Q2 results, analysts give Thomson Reuters average rating of Hold

One equities research analyst has given the stock a Sell rating, seven say Hold and seven say Buy. The average 12-month price target among brokerages that have covered the stock in the last year is $38.65. TRI shares traded on the New York Stock Exchange closed down at $36.89 on Friday. Their 52-week range is $32.87-$38.73.

TRI shares are also traded on the Toronto Stock Exchange where they closed at C$39.88 on Friday.

Several analysts have commented on the stock recently. Jefferies initiated coverage on the shares in a research note on Thursday. They set a Hold rating and a $36.00 price. Analysts at Barclays raised their price target $38.00 to $40.00 on 14 July. They now have an Equal Weight rating on the stock. Zacks upgraded the shares from Neutral to Outperform on 2 July. They now have a $38.90 price target on the stock.

Thomson Reuters chief executive James Smith and Stephane Bello, chief financial officer, will announced the Q2 results in a conference call and simultaneous webcast at 8:30 am EDT on Wednesday.

You can register to access the webcast on the Investor Relations section of the Thomson Reuters website. ■