Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Thomson Reuters ( (TSE:TRI) ) has shared an announcement.
Thomson Reuters has announced the establishment of an automatic share purchase plan (ASPP) as part of its $1.0 billion share repurchase program and normal course issuer bid (NCIB), which aims to buy back up to 10 million common shares between August 2025 and August 2026. The ASPP will facilitate share purchases during blackout periods or regulatory restrictions, with purchases made by the company’s broker based on set parameters. This move is expected to provide flexibility in managing share repurchases and is aligned with the company’s strategic financial management, potentially impacting market perceptions and shareholder value.
The most recent analyst rating on (TSE:TRI) stock is a Buy with a C$285.00 price target. To see the full list of analyst forecasts on Thomson Reuters stock, see the TSE:TRI Stock Forecast page.
Spark’s Take on TSE:TRI Stock
According to Spark, TipRanks’ AI Analyst, TSE:TRI is a Outperform.
Thomson Reuters’ strong financial performance and positive earnings call are significant strengths, supporting a robust outlook. However, technical indicators suggest bearish momentum, and the high P/E ratio indicates potential overvaluation. These factors collectively result in a moderate overall stock score.
To see Spark’s full report on TSE:TRI stock, click here.
More about Thomson Reuters
Thomson Reuters is a global content and technology company that provides trusted content and technology solutions to professionals across various sectors, including legal, tax, audit, accounting, compliance, government, and media. The company’s offerings combine specialized software and insights to empower professionals with data, intelligence, and solutions for informed decision-making. Reuters, a part of Thomson Reuters, is a leading provider of trusted journalism and news.
Average Trading Volume: 392,591
Technical Sentiment Signal: Buy
Current Market Cap: C$110.4B
For detailed information about TRI stock, go to TipRanks’ Stock Analysis page.