Canaccord Genuity Group Has Lowered Expectations for TMX Group (TSE:X) Stock Price

TMX Group (TSE:X) had its price objective reduced by Canaccord Genuity Group from C$64.00 to C$61.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 32.21% from the company’s previous close.

Other research analysts also recently issued reports about the company. National Bankshares increased their price objective on TMX Group from C$59.00 to C$60.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 28th. Royal Bank Of Canada increased their target price on shares of TMX Group from C$66.00 to C$67.00 in a research report on Wednesday, October 29th. TD Securities upgraded shares of TMX Group from a “hold” rating to a “buy” rating and boosted their price target for the stock from C$58.00 to C$60.00 in a research report on Wednesday, October 29th. Raymond James Financial raised shares of TMX Group from an “outperform” rating to a “strong-buy” rating and upped their price objective for the company from C$59.00 to C$61.00 in a research note on Monday. Finally, Scotiabank set a C$70.00 target price on shares of TMX Group and gave the stock a “sector perform” rating in a research note on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, TMX Group presently has a consensus rating of “Moderate Buy” and an average price target of C$60.67.

TMX Group Price Performance

Shares of X traded up C$0.72 during mid-day trading on Monday, hitting C$46.14. 462,758 shares of the company were exchanged, compared to its average volume of 632,846. The stock has a market cap of C$12.84 billion, a price-to-earnings ratio of 27.96, a price-to-earnings-growth ratio of 12.65 and a beta of -0.20. TMX Group has a 1-year low of C$44.82 and a 1-year high of C$57.98. The company has a 50 day moving average of C$50.96 and a 200-day moving average of C$52.47. The company has a debt-to-equity ratio of 47.49, a quick ratio of 0.01 and a current ratio of 1.01.

TMX Group (TSE:X) last posted its quarterly earnings data on Thursday, February 5th. The company reported C$0.60 EPS for the quarter. The company had revenue of C$457.80 million during the quarter. TMX Group had a return on equity of 3.37% and a net margin of 25.80%. Analysts expect that TMX Group will post 1.7708421 EPS 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.