TMX Group (TSE:X) Price Target Raised to C$67.00

TMX Group (TSE:X) had its price objective increased by National Bank Financial from C$64.00 to C$67.00 in a research note issued to investors on Wednesday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial‘s price objective suggests a potential upside of 17.92% from the stock’s previous close.

Several other research firms have also weighed in on X. Barclays lifted their price objective on shares of TMX Group from C$58.00 to C$59.00 in a research note on Thursday, July 9th. Canaccord Genuity Group upped their target price on shares of TMX Group from C$64.00 to C$65.00 and gave the company a “buy” rating in a research note on Wednesday, October 14th. RBC Dominion Securities cut their target price on shares of TMX Group from C$69.00 to C$67.00 and set an “outperform” rating on the stock in a report on Thursday, October 15th. Finally, Raymond James Financial reduced their price target on shares of TMX Group from C$65.25 to C$64.50 and set a “strong-buy” rating on the stock in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$65.50.

TMX Group Trading Down 1.5%

TSE:X traded down C$0.88 during mid-day trading on Wednesday, hitting C$56.82. The company had a trading volume of 224,430 shares, compared to its average volume of 798,802. The company has a debt-to-equity ratio of 41.81, a quick ratio of 0.01 and a current ratio of 2.76. TMX Group has a fifty-two week low of C$44.10 and a fifty-two week high of C$58.53. The firm has a market cap of C$15.65 billion, a P/E ratio of 26.18, a P/E/G ratio of 12.65 and a beta of -0.17. The business’s fifty day moving average is C$53.82 and its two-hundred day moving average is C$51.08.

TMX Group (TSE:X) last posted its earnings results on Thursday, July 30th. The company reported C$0.62 earnings per share (EPS) for the quarter. The company had revenue of C$487.50 million during the quarter. TMX Group had a return on equity of 3.81% and a net margin of 32.55%. As a group, research analysts expect that TMX Group will post 1.77 earnings per share for the current year.

Insider Activity at TMX Group

In related news, insider Cheryl Graden sold 17,000 shares of the business’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of C$54.14, for a total transaction of C$920,380.00. In the last three months, insiders have sold 41,735 shares of company stock worth $2,268,124. Corporate insiders own 1.15% of the company’s stock.

About TMX Group

TMX Group operates global markets, and builds digital communities and analytic solutions that facilitate the funding, growth and success of businesses, traders and investors. TMX Group’s key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, TSX Trust, TMX Trayport, TMX Datalinx, TMX VettaFi and TMX Newsfile, which provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community.