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Scotiabank Reaffirms Their Buy Rating on Thomson Reuters (TRI)

Tipranks - Tipranks - Tue Feb 10, 2:26AM CST

In a report released on February 6, Maher Yaghi from Scotiabank maintained a Buy rating on Thomson Reuters, with a price target of $156.00. The company’s shares closed last Friday at C$120.18.

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According to TipRanks, Yaghi is a 4-star analyst with an average return of 3.8% and a 55.80% success rate. Yaghi covers the Communication Services sector, focusing on stocks such as AT&T, BCE, and Comcast.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Thomson Reuters with a $152.40 average price target, which is a 26.81% upside from current levels. In a report released on February 7, TipRanks – Google also upgraded the stock to a Buy with a C$133.00 price target.

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TRI market cap is currently C$53.46B and has a P/E ratio of 25.71.

Based on the recent corporate insider activity of 148 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TRI in relation to earlier this year.

Read More on TRI:

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