TMX Group (TSE:X) Price Target Raised to C$50.00

TMX Group (TSE:X) had its price objective upped by equities research analysts at BMO Capital Markets from C$46.00 to C$50.00 in a research note issued on Friday, BayStreet.CA reports. BMO Capital Markets’ price target would suggest a potential upside of 14.21% from the stock’s previous close.

A number of other equities analysts have also commented on X. Barclays upped their price target on shares of TMX Group from C$40.00 to C$42.00 in a research report on Friday, August 2nd. TD Securities raised their price objective on shares of TMX Group from C$42.00 to C$43.00 and gave the stock a “hold” rating in a report on Monday. National Bankshares increased their target price on shares of TMX Group from C$43.00 to C$44.00 and gave the stock a “sector perform” rating in a research report on Wednesday. CIBC boosted their price objective on TMX Group from C$43.00 to C$46.00 in a research note on Thursday. Finally, Royal Bank of Canada raised their price target on TMX Group from C$44.00 to C$46.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of C$44.81.

TMX Group Stock Up 0.7 %

TMX Group stock traded up C$0.29 during trading hours on Friday, hitting C$43.78. The company had a trading volume of 120,437 shares, compared to its average volume of 354,456. The firm has a market capitalization of C$12.15 billion, a P/E ratio of 29.90, a price-to-earnings-growth ratio of 12.65 and a beta of 0.43. The firm’s fifty day moving average is C$43.01 and its 200-day moving average is C$40.00. The company has a debt-to-equity ratio of 51.71, a current ratio of 1.00 and a quick ratio of 0.01. TMX Group has a fifty-two week low of C$28.52 and a fifty-two week high of C$45.92.

TMX Group (TSE:X) last posted its quarterly earnings results on Wednesday, October 30th. The company reported C$0.41 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.40 by C$0.01. TMX Group had a return on equity of 10.08% and a net margin of 13.39%. The firm had revenue of C$353.80 million during the quarter, compared to the consensus estimate of C$356.24 million. On average, research analysts forecast that TMX Group will post 1.7708421 earnings per share for the current year.

Insider Activity

In related news, Senior Officer Jayakumar Rajarathinam sold 38,125 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of C$41.44, for a total transaction of C$1,579,766.56. In other news, Director Elias Anastasopoulos sold 20,850 shares of TMX Group stock in a transaction on Thursday, August 29th. The stock was sold at an average price of C$42.50, for a total transaction of C$886,125.00. Also, Senior Officer Jayakumar Rajarathinam sold 38,125 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of C$41.44, for a total value of C$1,579,766.56. Corporate insiders own 1.15% of the company’s stock.

TMX Group Company Profile

TMX Group Limited operates exchanges, markets, and clearinghouses primarily for capital markets in Canada, the United States, the United Kingdom, Germany, and internationally. It operates through four segments: Global Solutions, Insights & Analytics; Capital Formation; Derivatives Trading & Clearing; and Equities and Fixed Income Trading & Clearing.