Section1: Company Overview

Thomson Reuters Corporation (TSX: TRI) serves professionals across legal, tax, accounting, compliance, government, and media. Its products combine highly specialized software and insights to empower professionals with the data, intelligence, and solutions needed to make informed decisions, and to help institutions in their pursuit of justice, truth, and transparency. Reuters, part of Thomson Reuters, is a world-leading provider of trusted journalism and news.

This Report covers the Key Recommendation Rationale, Valuation, Target Price, and Recommendation on the stock.  

Section 2:  Stock Recommendation Summary

Valuation Methodology (Illustrative): EV to Sales based Relative Valuation approach: 

The stock has witnessed a downside of ~18.65% and ~32.63% over the 1 week and 1 month respectively. The stock is trading below the average of 52-week high price of CAD 299.24 and 52-week low price of CAD 116.21, providing an opportunity to exit, as the stock might make some correction. 

One-Year Technical Price Chart (as of February 9, 2026). Source: REFINITIV, Analysis: Kalkine Group

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels as on February 9, 2026. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Dividend Yield may vary as per the stock price movement. 

Note 5: Kalkine reports are prepared based on the stock prices captured either from REFINITIV or Trading View. Typically, REFINITIV or Trading View may reflect stock prices with a delay which could be a lag of 25-30 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.