Thomson Reuters Corp (TRI.TO) saw a notable increase of 3.59% in its stock price during the last trading session, driven by strategic moves that could reshape its business landscape.
In the latest trading session, Thomson Reuters Corp's stock closed at CA$138.68, marking a significant rise of 3.59%. This uptick can be attributed to the company's recent announcement of a joint venture with KKR, which is set to bolster its Global Print business and enhance its focus on innovative AI solutions.
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Thomson Reuters Corp
TRI.TO
TRI.TO
Thomson Reuters Corp
WealthAwesomeMarket cap
$56.31B
P/E
26.2x
52W high
$285.05
52W low
$107.10
1W change
+6.20%
Beta
0.17
Analyst Price Targets
Based on analyst covering TRI
Wall Street analysts forecast TRI stock price to rise 30.5% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$174.66
+30.5% Upside
Current Price
C$133.87
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
48.0%
Annualized
90-Day Vol
48.3%
Annualized
Trend (90d)
+6.8%
Annualized drift
90d Mean
C$137.17
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$134.96 | C$114.37 โ C$159.26 |
| 60 trading days | C$136.06 | C$107.66 โ C$171.96 |
| 90 trading days | C$137.17 | C$102.97 โ C$182.73 |
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 view this rise as a positive signal of Thomson Reuters' strategic direction and its efforts to optimize its portfolio, particularly with the backing of a strong partner like KKR.
3.59% Increase in TRI.TO Stock
Thomson Reuters Corp's stock surged by 3.59% following the announcement of a strategic joint venture, reflecting investor confidence in the company's future direction.
Bull case
The joint venture with KKR brings in about $500 million in gross proceeds. This partnership allows Thomson Reuters to keep editorial control and a significant stake in its Global Print business, which could improve its efficiency and profitability.
Bear case
While the joint venture looks promising, investors should stay cautious about potential regulatory challenges and the risks involved in transitioning the Global Print business into a standalone entity.
Joint Venture with KKR
Thomson Reuters has announced a joint venture with KKR, selling a 51% stake in its Global Print business. This move is expected to unlock significant value and provide the necessary investment to help the business thrive independently. The deal is projected to close in Q4 2026, pending regulatory approvals.
Market Reaction and Future Outlook
The market responded positively to the news, with TRI.TO shares climbing 3.59%. Investors are optimistic about the potential for enhanced operational capabilities and the focus on innovative AI solutions in the legal and tax sectors. However, the execution of this transition will be critical to maintaining investor confidence.
Key Financial Metrics
Thomson Reuters boasts a market cap of CA$56.31 billion, a P/E ratio of 26.17, and a modest dividend yield of 1.86%. These metrics indicate a solid financial foundation, positioning the company well for future growth as it navigates this strategic partnership.
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