Canaccord Genuity Keeps Their Hold Rating on Thomson Reuters (TRI)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 12 2024
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Source: Business Insider
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Analyst Views on TRI
Wall Street analysts forecast TRI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TRI is 192.65 USD with a low forecast of 160.00 USD and a high forecast of 258.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
9 Buy
3 Hold
0 Sell
Strong Buy
Current: 112.760
Low
160.00
Averages
192.65
High
258.00
Current: 112.760
Low
160.00
Averages
192.65
High
258.00
About TRI
Thomson Reuters Corporation is a content and technology company. The Legal Professionals segment serves law firms and governments with research and workflow products powered by technologies, including generative artificial intelligence (AI). The Corporates segment serves corporations ranging from small businesses to multinational organizations with a full suite of content-driven products, powered by technologies, including generative AI. The Tax & Accounting Professionals segment serves tax, audit and accounting firms with research and workflow products powered by technologies, including generative AI. The Reuters News segment supplies business, financial and global news and data to media organizations, professionals and news consumers through Reuters News Agency, Reuters.com, Reuters Events, Thomson Reuters products and to financial firms exclusively via LSEG products. The Global Print segment provides legal and tax information and commercial printing services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Thomson Reuters Named to International S.A.F.E. 10 List
- Strong Dividend Yield: Thomson Reuters boasts a 2.0% dividend yield, indicating robust shareholder returns and enhancing investor confidence in the company's financial performance.
- Consistent Growth Record: The company has maintained a flawless five-year history of dividend payments without any reductions or omissions, showcasing its financial stability and commitment to shareholders, which strengthens its market position.
- ETF Holdings Insight: Thomson Reuters represents 0.97% of the Powershares International Dividend Achievers ETF, which holds $9,161,941 worth of TRI shares, highlighting its significance in international dividend investment portfolios.
- Annual Dividend Payments: The company pays an annual dividend of $2.38 per share in quarterly installments, with the most recent ex-dividend date on November 18, 2025, ensuring a steady cash flow for investors.
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CIBC Lowers Target Price for Thomson Reuters Corp to $183 from $198
- Target Price Adjustment: CIBC has cut its target price for Thomson Reuters from $198 to $183.
- Market Impact: This adjustment reflects changes in market conditions and expectations for the company's performance.
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