Thomson Reuters Corp sees a notable uptick in stock performance this week, buoyed by strategic news.
Thomson Reuters Corp (TRI.TO) experienced a strong performance this week, closing up 3.63% on Friday and gaining 10.40% over the past week. The company has been in the news with significant developments that may have influenced this positive momentum.
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Thomson Reuters Corp
TRI.TO
TRI.TO
Thomson Reuters Corp
WealthAwesomeMarket cap
$60.56B
P/E
28.1x
52W high
$283.27
52W low
$107.10
1W change
+10.40%
Beta
0.17
Analyst Price Targets
Based on analyst covering TRI
Wall Street analysts forecast TRI stock price to rise 24.8% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$173.09
+24.8% Upside
Current Price
C$138.73
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on TRI's historical volatility
30-Day Vol
47.8%
Annualized
90-Day Vol
47.1%
Annualized
Trend (90d)
+13.0%
Annualized drift
90d Mean
C$145.30
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$140.89 | C$119.48 โ C$166.12 |
| 60 trading days | C$143.08 | C$113.33 โ C$180.62 |
| 90 trading days | C$145.30 | C$109.22 โ C$193.29 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Investor takeaway: Investors should keep an eye on Thomson Reuters' ongoing initiatives and market conditions, as the company's recent joint venture and upcoming earnings announcement could impact future performance.
Stock Performance Highlights
Thomson Reuters' stock has surged 22.05% over the past month, indicating a potential recovery phase.
Bull case
The recent joint venture with KKR for the global print business is a strategic move that could enhance Thomson Reuters' service offerings and market reach. This partnership aims to leverage KKR's expertise in investment and operational management, which may lead to improved efficiencies and increased revenues.
Bear case
Despite the recent gains, Thomson Reuters' year-to-date performance is still down 20.76%. This suggests that investors should remain cautious and consider the ongoing challenges the company faces.
Recent Price Action
Thomson Reuters Corp's stock closed at C$138.73 on Friday, marking a 3.63% increase for the day. Over the past week, the stock has gained an impressive 10.40%, and in the last month, it has surged 22.05%. However, year-to-date, the stock is down 20.76%, indicating that while the recent performance is positive, the stock has faced significant challenges earlier in the year.
Company News and Catalysts
This week, Thomson Reuters announced a joint venture with KKR aimed at enhancing its global print business. This strategic partnership is expected to leverage KKR's expertise in investment and operational management, potentially leading to improved efficiencies and revenue growth. Additionally, the company has scheduled its second-quarter earnings announcement for August 5, 2026, which will provide further insights into its financial performance and strategic direction.
Technical Picture
From a technical standpoint, Thomson Reuters is currently trading above its 50-day moving average of C$119.41, representing a 16.2% increase compared to the current price. However, the stock is below its 200-day moving average of C$153.29, which is 9.5% lower than the current price. The stock's 52-week range has been between C$107.10 and C$283.27, indicating that it is currently trading at 18% of its range. With a beta of 0.17, the stock is considered less volatile than the broader market. Recent trading volume has also been robust, with 806,681 shares traded, slightly above the 20-day average volume of 779,072 shares.
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