Royal Bank Of Canada Has Lowered Expectations for TMX Group (TSE:X) Stock Price

TMX Group (TSE:X) had its price objective reduced by Royal Bank Of Canada from C$67.00 to C$64.00 in a research note issued on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 38.71% from the stock’s previous close.

Several other equities research analysts have also commented on the company. National Bankshares boosted their price objective on TMX Group from C$59.00 to C$60.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 28th. TD Securities upgraded TMX Group from a “hold” rating to a “buy” rating and boosted their price target for the stock from C$58.00 to C$60.00 in a research report on Wednesday, October 29th. Scotiabank set a C$70.00 price objective on TMX Group and gave the company a “sector perform” rating in a report on Friday, October 24th. Canaccord Genuity Group reduced their target price on shares of TMX Group from C$64.00 to C$61.00 and set a “buy” rating for the company in a research report on Monday. Finally, Barclays lowered their price target on shares of TMX Group from C$59.00 to C$52.00 and set an “equal weight” rating on the stock in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, TMX Group has an average rating of “Moderate Buy” and a consensus price target of C$60.67.

TMX Group Price Performance

TMX Group stock traded up C$0.72 during trading on Monday, reaching C$46.14. The company had a trading volume of 462,758 shares, compared to its average volume of 632,846. The firm has a market capitalization of C$12.84 billion, a PE ratio of 27.96, a price-to-earnings-growth ratio of 12.65 and a beta of -0.20. The firm’s 50-day simple moving average is C$50.96 and its 200 day simple moving average is C$52.47. The company has a debt-to-equity ratio of 47.49, a quick ratio of 0.01 and a current ratio of 1.01. TMX Group has a 1-year low of C$44.82 and a 1-year high of C$57.98.

TMX Group (TSE:X) last posted its quarterly earnings data on Thursday, February 5th. The company reported C$0.60 earnings per share (EPS) for the quarter. The business had revenue of C$457.80 million for the quarter. TMX Group had a net margin of 25.80% and a return on equity of 3.37%. As a group, equities research analysts anticipate that TMX Group will post 1.7708421 earnings per share for the current fiscal year.

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.