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†“ $25.95 (-16.20%)
120 day period
$108.50$134.35$160.20Jan 28Apr 24Jul 20

Market cap

$58.79B

P/E

27.3x

52W high

$276.53

52W low

$107.10

1W change

+0.77%

Beta

0.17

Analyst Price Targets

Based on analyst covering TRI

๐Ÿ“ˆ

Wall Street analysts forecast TRI stock price to rise 28.7% over the next 12 months.

Consensus

Bullish

Based on avg. target vs last close (formal rating unavailable for Canadian listings)

Avg. Target

C$172.78

+28.7% Upside

Current Price

C$134.25

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$80.89C$119.28C$157.67C$196.06C$234.45C$272.84TodayMar 12May 15Jul 20Sep 1Oct 15Nov 27

30-Day Vol

48.3%

Annualized

90-Day Vol

47.0%

Annualized

Trend (90d)

+28.5%

Annualized drift

90d Mean

C$148.63

Expected price

HorizonExpected68% Range (1ฯƒ)
30 trading daysC$138.88C$117.54 โ€“ C$164.09
60 trading daysC$143.67C$113.48 โ€“ C$181.90
90 trading daysC$148.63C$111.33 โ€“ C$198.42

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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