TMX Group (OTCMKTS:TMXXF) Shares Up 1.9% – Should You Buy?

TMX Group Limited (OTCMKTS:TMXXF)’s share price shot up 1.9% during trading on Tuesday . The company traded as high as $38.2599 and last traded at $37.83. 9,889 shares were traded during trading, a decline of 62% from the average session volume of 25,861 shares. The stock had previously closed at $37.14.

Analysts Set New Price Targets

Several brokerages have commented on TMXXF. TD Securities upgraded TMX Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 29th. Raymond James Financial reissued an “outperform” rating on shares of TMX Group in a report on Tuesday, October 28th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of TMX Group in a report on Wednesday, October 29th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

TMX Group Stock Up 1.9%

The stock’s fifty day simple moving average is $36.83 and its 200 day simple moving average is $38.73.

About TMX Group

TMX Group Limited operates Canada’s premier financial infrastructure that supports capital markets for listing, trading, clearing, settlement and information services. As a holding company, TMX Group’s principal businesses include the Toronto Stock Exchange (TSX), TSX Venture Exchange (TSXV), Montréal Exchange (MX), and Canadian Depository for Securities (CDS). These platforms facilitate equity and derivatives trading, debt issuance, exchange-traded funds and a broad spectrum of structured products.

Through its marketplace operations, TMX Group offers issuers access to public capital, while providing investors with deep liquidity and a diverse range of listed instruments.