TMX Group (TSE:X) Price Target Raised to C$64.00

TMX Group (TSE:X) had its price objective increased by equities researchers at National Bank Financial from C$63.00 to C$64.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price target would suggest a potential upside of 13.50% from the company’s previous close.

Several other brokerages have also recently weighed in on X. Canaccord Genuity Group lowered their price objective on shares of TMX Group from C$64.00 to C$61.00 and set a “buy” rating on the stock in a research note on Monday, February 9th. Royal Bank Of Canada raised their target price on shares of TMX Group from C$64.00 to C$65.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Barclays raised their target price on shares of TMX Group from C$52.00 to C$59.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 8th. Finally, Raymond James Financial raised their target price on shares of TMX Group from C$61.00 to C$61.50 and gave the stock a “strong-buy” rating in a research note on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, TMX Group has a consensus rating of “Moderate Buy” and a consensus target price of C$62.69.

TMX Group Stock Performance

Shares of TSE X traded up C$0.41 during trading on Tuesday, reaching C$56.39. 697,150 shares of the company traded hands, compared to its average volume of 849,059. The firm has a 50 day simple moving average of C$49.87 and a 200-day simple moving average of C$50.23. TMX Group has a 52-week low of C$44.10 and a 52-week high of C$57.98. The company has a quick ratio of 0.01, a current ratio of 1.00 and a debt-to-equity ratio of 45.58. The stock has a market capitalization of C$15.68 billion, a PE ratio of 37.85, a P/E/G ratio of 12.65 and a beta of -0.35.

TMX Group (TSE:X) last issued its quarterly earnings data on Thursday, February 5th. The company reported C$0.60 earnings per share for the quarter. TMX Group had a net margin of 14.23% and a return on equity of 8.85%. The firm had revenue of C$457.80 million for the quarter. Equities research analysts anticipate that TMX Group will post 1.7708421 earnings per share for the current year.

About TMX Group

TMX Group Ltd is a company that operates several global markets to provide investment opportunities for its clients. TMX Group’s key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, and Trayport, which provides listing markets, trading markets, clearing facilities, depository services, technology solutions, data products, and other services to the global financial community.