TMX Group (TSE:X) Price Target Raised to C$65.25

TMX Group (TSE:X – Get Free Report) had its target price raised by stock analysts at Raymond James Financial from C$61.50 to C$65.25 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage presently has a “strong-buy” rating on the stock. Raymond James Financial’s price target would suggest a potential upside of 28.52% from the stock’s current price.

Several other equities analysts also recently commented on the stock. National Bank Financial upped their price target on shares of TMX Group from C$63.00 to C$64.00 and gave the company a “sector perform” rating in a report on Tuesday, May 5th. Royal Bank Of Canada upped their price target on shares of TMX Group from C$65.00 to C$69.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. BMO Capital Markets upped their price target on shares of TMX Group from C$62.00 to C$65.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. Barclays upped their price target on shares of TMX Group from C$52.00 to C$59.00 and gave the company an “equal weight” rating in a report on Wednesday, April 8th. Finally, Scotia upped their price target on shares of TMX Group from C$70.00 to C$71.00 and gave the company a “sector outperform” rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$64.92.

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TMX Group Price Performance

Shares of TSE X traded up C$0.66 during mid-day trading on Friday, hitting C$50.77. 170,873 shares of the company’s stock traded hands, compared to its average volume of 864,639. The company’s 50-day moving average is C$52.41 and its two-hundred day moving average is C$50.54. The company has a debt-to-equity ratio of 44.08, a current ratio of 2.35 and a quick ratio of 0.01. The company has a market capitalization of C$14.02 billion, a P/E ratio of 26.58, a PEG ratio of 12.65 and a beta of -0.20. TMX Group has a 1 year low of C$44.10 and a 1 year high of C$57.98.

Insider Buying and Selling

In other TMX Group news, insider John Mckenzie sold 69,970 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of C$54.71, for a total value of C$3,828,058.70. Following the transaction, the insider directly owned 100,774 shares in the company, valued at C$5,513,345.54. This represents a 40.98% decrease in their position. 1.15% of the stock is owned by corporate insiders.

TMX Group Company Profile

(Get Free Report)

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.

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