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Thomson Reuters (TRI) Receives a Buy from Barclays

Tipranks - Tipranks - Thu Sep 10, 4:42AM CDT

Barclays analyst Manav Patnaik maintained a Buy rating on Thomson Reuters yesterday and set a price target of $130.00. The company’s shares closed yesterday at C$136.24.

Patnaik covers the Industrials sector, focusing on stocks such as Thomson Reuters, Equifax, and ManpowerGroup. According to TipRanks, Patnaik has an average return of 2.5% and a 54.53% success rate on recommended stocks.

In addition to Barclays, Thomson Reuters also received a Buy from BMO Capital’s Tim Casey in a report issued on August 24. However, on August 27, Wells Fargo reiterated a Hold rating on Thomson Reuters (NASDAQ: TRI).

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The company has a one-year high of C$241.53 and a one-year low of C$107.91. Currently, Thomson Reuters has an average volume of 742K.

Based on the recent corporate insider activity of 136 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.

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