TD Securities Cuts Tmx Group Limited (X) Price Target to C$82.00
Tmx Group Limited (TSE:X) had its price target reduced by equities researchers at TD Securities from C$83.00 to C$82.00 in a research report issued to clients and investors on Wednesday. The brokerage currently has a “buy” rating on the stock. TD Securities’ price objective suggests a potential upside of 24.19% from the stock’s previous close.
Other analysts also recently issued research reports about the stock. Scotiabank reiterated a “sector perform” rating and issued a C$71.00 target price on shares of Tmx Group Limited in a report on Tuesday, July 25th. Royal Bank Of Canada lowered their target price on shares of Tmx Group Limited from C$80.00 to C$78.00 and set a “sector perform” rating for the company in a report on Thursday, May 11th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of C$74.40.
Tmx Group Limited (X) traded down 0.09% on Wednesday, hitting $65.97. 34,620 shares of the stock traded hands. The stock has a 50 day moving average of $68.90 and a 200 day moving average of $70.57. Tmx Group Limited has a 52 week low of $55.60 and a 52 week high of $79.90. The firm has a market capitalization of $3.65 billion and a PE ratio of 18.43.
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In related news, insider Jean Desgagne sold 17,200 shares of the firm’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of C$70.99, for a total transaction of C$1,221,028.00. Also, Director Luc Bertrand acquired 11,741 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The shares were bought at an average price of C$72.39 per share, with a total value of C$849,930.99.
About Tmx Group Limited
TMX Group Limited operates exchanges, markets, and clearing houses primarily for capital markets in Canada. It operates in six segments: Market Insights; Capital Formation; Derivatives Trading & Clearing; Equities and Fixed Income Trading & Clearing; Energy Trading & Clearing; and Market Solutions.
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