TMX Group (TSE:X – Get Free Report) had its price objective hoisted by equities research analysts at CIBC from C$38.00 to C$40.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. CIBC’s price target would indicate a potential upside of 7.50% from the stock’s current price.
A number of other equities research analysts have also recently weighed in on X. National Bankshares boosted their price target on shares of TMX Group from C$37.00 to C$40.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 30th. Barclays upped their target price on TMX Group from C$35.00 to C$38.00 in a research report on Monday, April 8th. Scotiabank lifted their price target on TMX Group from C$38.00 to C$39.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 30th. Canaccord Genuity Group set a C$44.00 price objective on TMX Group and gave the company a “buy” rating in a research note on Friday, April 26th. Finally, TD Securities raised their target price on shares of TMX Group from C$34.00 to C$35.00 and gave the stock a “hold” rating in a research report on Wednesday, February 7th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$39.38.
Get Our Latest Research Report on X
TMX Group Stock Up 1.9 %
TMX Group (TSE:X – Get Free Report) last announced its quarterly earnings results on Monday, February 5th. The company reported C$0.37 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.37. TMX Group had a return on equity of 9.10% and a net margin of 12.28%. The firm had revenue of C$301.50 million during the quarter, compared to the consensus estimate of C$300.05 million. On average, analysts forecast that TMX Group will post 1.6194927 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, Senior Officer Jayakumar Rajarathinam sold 95,750 shares of TMX Group stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of C$33.78, for a total value of C$3,234,636.08. In related news, Senior Officer Luc Fortin sold 15,140 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of C$35.32, for a total transaction of C$534,744.80. Also, Senior Officer Jayakumar Rajarathinam sold 95,750 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of C$33.78, for a total value of C$3,234,636.08. Corporate insiders own 5.57% of the company’s stock.
About TMX Group
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.
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