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Thomson Reuters (TRI) Stock Forecast & Price Target

C$223.44
-0.25 (-0.11%)
(As of 07/19/2024 ET)

Thomson Reuters - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 7 Wall Street analysts who have issued ratings for Thomson Reuters in the last 12 months, the stock has a consensus rating of "Hold." Out of the 7 analysts, 5 have given a hold rating, and 2 have given a buy rating for TRI.

Consensus Price Target

C$183.89
-17.70% Downside
High ForecastC$235.00
Average ForecastC$183.89
Low ForecastC$146.00

According to the 7 analysts' twelve-month price targets for Thomson Reuters, the average price target is C$183.89. The highest price target for TRI is C$235.00, while the lowest price target for TRI is C$146.00. The average price target represents a forecasted downside of -17.70% from the current price of C$223.44.

TypeCurrent Forecast
7/20/23 to 7/19/24
1 Month Ago
6/20/23 to 6/19/24
3 Months Ago
4/21/23 to 4/20/24
1 Year Ago
7/20/22 to 7/20/23
Consensus Rating
Hold
Hold
Hold
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
2 Buy rating(s)
2 Buy rating(s)
3 Buy rating(s)
2 Buy rating(s)
Hold
5 Hold rating(s)
5 Hold rating(s)
4 Hold rating(s)
1 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
Consensus Price TargetC$183.89C$183.33C$181.78C$185.40
Forecasted Upside-17.70% Downside-10.69% Downside-10.54% Downside12.94% Upside
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TRI Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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TRI Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Thomson Reuters Stock vs. The Competition

TypeThomson ReutersIndustrials Companies
Consensus Rating Score
2.29
2.60
Consensus RatingHoldModerate Buy
News Sentiment RatingPositive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/20/2024TD Securities
4 of 5 stars
 Boost TargetHoldC$230.00 ➝ C$235.00+2.73%
5/3/2024National Bankshares
1 of 5 stars
 Boost TargetC$217.00 ➝ C$219.00-2.47%
2/20/2024National Bank Financial
5 of 5 stars
A. Shine
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DowngradeSector Perform Under Weight ➝ Underperform Underweight
2/9/2024Royal Bank of Canada
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 Boost TargetSector PerformC$149.00 ➝ C$153.00-27.93%
2/9/2024CIBC
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 Boost TargetNeutralC$138.00 ➝ C$146.00-31.22%
2/9/2024Canaccord Genuity Group
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 Boost TargetHoldC$147.00 ➝ C$149.00-29.81%
2/9/2024BMO Capital Markets
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 Boost TargetOutperformC$211.00 ➝ C$222.00+4.58%
11/2/2023Bank of America
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 Lower TargetC$222.00 ➝ C$195.00+11.21%
8/3/2023Citigroup
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 Boost TargetOutperformC$145.00 ➝ C$150.00-14.75%
12/1/2022BNP Paribas
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Sami Kassab
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DowngradeSell

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 08:09 PM ET.

TRI Forecast - Frequently Asked Questions

What is Thomson Reuters' forecast for 2024?

According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Thomson Reuters is C$183.89, with a high forecast of C$235.00 and a low forecast of C$146.00.

Should I buy or sell Thomson Reuters stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Thomson Reuters in the last year. There are currently 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" TRI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TRI, but not buy additional shares or sell existing shares.

Does Thomson Reuters's stock price have much downside?

According to analysts, Thomson Reuters's stock has a predicted downside of -10.65% based on their 12-month stock forecasts.

Has Thomson Reuters been downgraded by Wall Street analysts recently?

Over the previous 90 days, Thomson Reuters's stock had 1 downgrade by analysts.

What analysts cover Thomson Reuters?

Thomson Reuters has been rated by research analysts at National Bankshares, and TD Securities in the past 90 days.

Do Wall Street analysts like Thomson Reuters more than its competitors?

Analysts like Thomson Reuters less than other "industrials" companies. The consensus rating for Thomson Reuters is Hold while the average consensus rating for "industrials" companies is Moderate Buy. Learn more on how TRI compares to other companies.


This page (TSE:TRI) was last updated on 7/19/2024 by MarketBeat.com Staff

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