According to an update released by analysts at Berenberg Bank the broker has now set a ‘Sell’ rating on shares of Thomson Reuters Corp TRI (NYSE:TRI) with a price target of 37.
Berenberg Bank on Friday maintained Thomson Reuters Corp TRI’s analyst rating as ‘Sell’ with its price target of 37 highlighting a potential decrease of -12.96% from Thomson Reuters Corp TRI’s current price of 42.51.
Over the last twelve months Thomson Reuters Corp TRI’s stock price has increased from 39.33 to 42.51, a change of 8.09%.
Thomson Reuters Corp TRI has 727,171,000 shares in issue which have a share price of 42.51 giving Thomson Reuters Corp TRI a market capitalisation of 30.91B USD.
The company has a 50 day moving average of 43.18 and a 200 day moving average of 43.01. The 52 week high shares of Thomson Reuters Corp TRI have reached is 45.68 whilst the 52 week low for the company’s shares is 38.23.
Thomson Reuters Corporation (Thomson Reuters) is a provider of news and information for professional markets. The Company is organized in three business units: Financial & Risk, Legal, and Tax & Accounting. The Financial & Risk segment is a provider of critical news, information and analytics, enabling transactions and connecting communities of trading, investment, financial and corporate professionals. The Legal segment is a provider of critical online and print information, decision tools, software and services that support legal, investigation, business and government professionals around the world. The Tax & Accounting segment is a provider of integrated tax compliance and accounting information, software and services for professionals in accounting firms, corporations, law firms and government. The Company also operates Reuters, Global Growth Organization (GGO), and Enterprise Technology & Operations (ET&O). Thomson Reuters operates in over 100 countries.