National Bank Sticks to Its Buy Rating for Thomson Reuters (TRI)

In a report released yesterday, from National Bank maintained a Buy rating on Thomson Reuters, with a price target of C$175.00.

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In addition to National Bank, Thomson Reuters also received a Buy from TipRanks – Google’s Google Specialty Business Services in a report issued on February 7. However, on the same day, TipRanks – xAI reiterated a Hold rating on Thomson Reuters (NASDAQ: TRI).

Based on Thomson Reuters’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$2.04 billion and a net profit of C$337.1 million. In comparison, last year the company earned a revenue of C$1.91 billion and had a net profit of C$587 million

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.