CIBC Forecasts Strong Price Appreciation for TMX Group (TSE:X) Stock

TMX Group (TSE:X) had its price objective increased by stock analysts at CIBC from C$55.00 to C$57.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has a “neutral” rating on the stock. CIBC’s price objective indicates a potential upside of 7.47% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. BMO Capital Markets lifted their price objective on TMX Group from C$55.00 to C$57.00 in a research note on Tuesday, April 15th. TD Securities raised their price objective on TMX Group from C$44.00 to C$45.00 and gave the company a “hold” rating in a research report on Thursday, January 30th. Finally, Barclays raised their price target on TMX Group from C$53.00 to C$55.00 in a research report on Tuesday, April 8th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$49.64.

TMX Group Trading Down 0.7 %

TMX Group stock traded down C$0.37 during trading hours on Monday, reaching C$53.04. The company had a trading volume of 108,828 shares, compared to its average volume of 493,439. The firm has a market cap of C$14.75 billion, a price-to-earnings ratio of 30.62, a P/E/G ratio of 12.65 and a beta of 0.43. TMX Group has a 12-month low of C$35.65 and a 12-month high of C$54.17. The company has a debt-to-equity ratio of 47.49, a current ratio of 1.01 and a quick ratio of 0.01. The company has a 50-day moving average price of C$51.03 and a 200 day moving average price of C$46.94.

Insider Activity

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

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.