Raymond James Financial Issues Positive Forecast for TMX Group (TSE:X) Stock Price

TMX Group (TSE:X) had its price target lifted by equities researchers at Raymond James Financial from C$61.00 to C$61.50 in a research report issued on Friday,BayStreet.CA reports. The firm presently has a “strong-buy” rating on the stock. Raymond James Financial’s price objective would indicate a potential upside of 14.74% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. Canaccord Genuity Group dropped 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 report on Monday, February 9th. Royal Bank Of Canada decreased their target price on shares of TMX Group from C$67.00 to C$64.00 and set an “outperform” rating on the stock in a research report on Monday, February 9th. Finally, Barclays increased their price target on shares of TMX Group from C$52.00 to C$59.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$61.50.

TMX Group Price Performance

TSE:X traded up C$0.48 during trading hours on Friday, reaching C$53.60. 255,668 shares of the company were exchanged, compared to its average volume of 865,741. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 45.58. The stock’s 50-day moving average is C$48.11 and its 200-day moving average is C$50.10. The firm has a market cap of C$14.90 billion, a PE ratio of 35.97, a price-to-earnings-growth ratio of 12.65 and a beta of -0.35. TMX Group has a twelve month low of C$44.10 and a twelve month high of C$57.98.

TMX Group (TSE:X) last released its earnings results on Thursday, February 5th. The company reported C$0.60 earnings per share (EPS) for the quarter. TMX Group had a net margin of 14.23% and a return on equity of 8.85%. The business had revenue of C$457.80 million during the quarter. On average, sell-side analysts anticipate that TMX Group will post 1.7708421 earnings per share for the current fiscal year.

About TMX Group

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.