BMO Capital Markets Raises TMX Group (TSE:X) Price Target to C$57.00

TMX Group (TSE:X) had its price objective hoisted by analysts at BMO Capital Markets from C$55.00 to C$57.00 in a report issued on Tuesday,BayStreet.CA reports. BMO Capital Markets’ target price suggests a potential upside of 11.44% from the company’s current price.

A number of other brokerages also recently issued reports on X. Barclays increased their price target on shares of TMX Group from C$53.00 to C$55.00 in a report on Tuesday, April 8th. TD Securities raised their target price on shares of TMX Group from C$44.00 to C$45.00 and gave the stock a “hold” rating in a research note on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$47.56.

TMX Group Stock Up 1.3 %

Shares of X traded up C$0.65 during midday trading on Tuesday, hitting C$51.15. 123,994 shares of the company’s stock traded hands, compared to its average volume of 483,193. The firm’s fifty day moving average is C$50.63 and its 200-day moving average is C$46.36. The company has a current ratio of 1.01, a quick ratio of 0.01 and a debt-to-equity ratio of 47.49. TMX Group has a 1 year low of C$35.65 and a 1 year high of C$53.66. The stock has a market capitalization of C$14.23 billion, a price-to-earnings ratio of 29.53, a price-to-earnings-growth ratio of 12.65 and a beta of 0.43.

Insider Buying and Selling at TMX Group

In other TMX Group news, Senior Officer Jayakumar Rajarathinam sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of C$49.49, for a total value of C$1,979,776.00. 1.15% of the stock is owned by insiders.

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.