TMX Group (TSE:X) Price Target Raised to C$69.00 at Royal Bank Of Canada

TMX Group (TSE:X) had its target price lifted by equities research analysts at Royal Bank Of Canada from C$65.00 to C$69.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 24.75% from the company’s previous close.

A number of other analysts also recently issued reports on X. Raymond James Financial increased their price target on shares of TMX Group from C$61.00 to C$61.50 and gave the stock a “strong-buy” rating in a report on Friday, April 17th. 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 report on Wednesday, April 8th. Canaccord Genuity Group lowered their price target on shares of TMX Group from C$64.00 to C$61.00 and set a “buy” rating on the stock in a report on Monday, February 9th. Scotia increased their price target on shares of TMX Group from C$70.00 to C$71.00 and gave the stock a “sector outperform” rating in a report on Wednesday. Finally, National Bank Financial increased their price target on shares of TMX Group from C$63.00 to C$64.00 and gave the stock a “sector perform” rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$64.50.

TMX Group Stock Performance

Shares of TSE:X traded down C$0.42 during midday trading on Wednesday, reaching C$55.31. The company’s stock had a trading volume of 348,012 shares, compared to its average volume of 853,841. The firm has a market capitalization of C$15.38 billion, a PE ratio of 37.12, a P/E/G ratio of 12.65 and a beta of -0.34. TMX Group has a twelve month low of C$44.10 and a twelve month high of C$57.98. The stock has a fifty day moving average of C$50.07 and a 200 day moving average of C$50.26. The company has a quick ratio of 0.01, a current ratio of 1.00 and a debt-to-equity ratio of 45.58.

TMX Group (TSE:X) last released its quarterly earnings data on Thursday, February 5th. The company reported C$0.60 earnings per share for the quarter. The firm had revenue of C$457.80 million for the quarter. TMX Group had a net margin of 14.23% and a return on equity of 8.85%. On average, equities 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.