TMX Group (TSE:X) Given a C$70.00 Price Target by Scotiabank Analysts

TMX Group (TSE:X) has been given a C$70.00 price target by Scotiabank in a research report issued on Friday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s price objective suggests a potential upside of 38.48% from the stock’s current price.

A number of other equities analysts also recently issued reports on X. Royal Bank Of Canada set a C$66.00 price target on TMX Group and gave the stock a “moderate buy” rating in a research report on Wednesday, October 1st. BMO Capital Markets increased their price target on TMX Group from C$57.00 to C$61.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 16th. National Bankshares increased their price target on TMX Group from C$58.00 to C$59.00 and gave the stock a “sector perform” rating in a research report on Monday, August 4th. TD Securities increased their price target on TMX Group from C$57.00 to C$58.00 and gave the stock a “hold” rating in a research report on Tuesday, August 5th. Finally, Barclays dropped their price target on TMX Group from C$60.00 to C$58.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of C$61.06.

TMX Group Price Performance

X opened at C$50.55 on Friday. TMX Group has a 12-month low of C$42.47 and a 12-month high of C$57.98. The company has a current ratio of 1.01, a quick ratio of 0.01 and a debt-to-equity ratio of 47.49. The business’s fifty day simple moving average is C$53.13 and its 200-day simple moving average is C$54.48. The company has a market capitalization of C$14.06 billion, a price-to-earnings ratio of 33.48, a PEG ratio of 12.65 and a beta of -0.02.

TMX Group Company Profile

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.