Stocks

Why Thomson Reuters Corp stock is rising today

By Wealth Awesome Newsroom -
Stocks & ETFs:TRI.TO
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Thomson Reuters Corp's stock rose over 4% in the last trading session, driven by positive market sentiment and strategic financial moves.

Thomson Reuters Corp (TRI.TO) saw its stock price increase by 4.02% during the last trading session, closing at CA$129.76. This rise reflects growing confidence among investors, likely fueled by the company's recent announcements about shareholder returns and financial performance.

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Thomson Reuters Corp

TRI.TO

Full stock page โ†’

TRI.TO

Thomson Reuters Corp

Source:WealthAwesomeWealthAwesome
โ†“ $53.48 (-30.01%)
120 day period
$108.50$143.36$178.22Jan 14Apr 10Jul 6

Market cap

$54.51B

P/E

25.3x

52W high

$292.68

52W low

$107.10

1W change

+6.17%

Beta

0.17

Analyst Price Targets

Based on analyst covering TRI

๐Ÿ“ˆ

Wall Street analysts forecast TRI stock price to rise 41.4% over the next 12 months.

Consensus

No Rating

Avg. Target

C$176.40

+41.4% Upside

Current Price

C$124.74

Last close

Analyst ratings and price targets are updated periodically. Not financial advice.

Wealth Awesome Price Forecast

WA Model

Statistical 90-day price range based on TRI's historical volatility

HistoricalForecast68%95%
C$66.07C$106.91C$147.75C$188.59C$229.43C$270.27TodayFeb 26May 1Jul 6Aug 18Oct 1Nov 13

30-Day Vol

56.4%

Annualized

90-Day Vol

48.8%

Annualized

Trend (90d)

+19.4%

Annualized drift

90d Mean

C$133.69

Expected price

HorizonExpected68% Range (1ฯƒ)
30 trading daysC$127.65C$105.07 โ€“ C$155.09
60 trading daysC$130.64C$99.20 โ€“ C$172.04
90 trading daysC$133.69C$95.43 โ€“ C$187.30

Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯƒ, 95% band = ยฑ2ฯƒ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.

Investor takeaway: With a market cap exceeding CA$54 billion, Thomson Reuters' strategic initiatives, including share repurchase programs, are making it attractive to investors looking for stability and growth.

Thomson Reuters Corp sees a 4.02% stock price increase in one day.

With a profit margin of 19.93% and a P/E ratio of 25.30, Thomson Reuters shows solid financial performance, appealing to growth-oriented investors.

Bull case

The company recently announced a US$600 million share repurchase program and a significant return of capital to shareholders. These moves signal strong financial health and a commitment to enhancing shareholder value.

Bear case

Despite the positive momentum, potential market volatility and economic uncertainties could affect future performance. Itโ€™s important for investors to stay informed about market conditions.

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