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Thomson Reuters Corp (3)
Symbol TRI
Shares Issued 450,551,593
Close 2025-07-28 C$ 275.73
Market Cap C$ 124,230,590,738
Recent Sedar Documents

Globe says Thomson Reuters kept at "sector perform"

2025-07-29 07:49 ET - In the News

The Globe and Mail reports in its Tuesday, July 29, edition that RBC Dominion Securities analyst Drew McReynolds has reiterated his "sector perform" call on Thomson Reuters. The Globe's David Leeder writes in the Eye On Equities column that Mr. McReynolds's share target soared $30 to $185. Analysts on average target the shares at $195.40. Mr. McReynolds says in a note: "Over the past five years, we believe Thomson Reuters has consistently delivered on rising expectations with respect to organic revenue growth acceleration and margin expansion. While we stepped to the sidelines in August, 2023, following a significant run-up in the stock that commenced in 2018, we have argued that multiple expansion from 23 times FTM EV/EBITDA at the time of our downgrade was fundamentally justified provided the company continued to deliver on growth and margin expectations and provided solid execution on the AI playbook with little change to the company's narrative as an AI beneficiary. Although we believe emerging line-of-sight on 8 per cent consolidated organic revenue growth through 2026E justifies yet another increase in our target multiple, our focus is sizing up the growth and risk profile of the stock at these valuation levels."

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