TMX Group (TSE:X) Raised to “Outperform” at National Bank Financial

TMX Group (TSE:X) was upgraded by stock analysts at National Bank Financial from a “sector perform” rating to an “outperform” rating in a research note issued to investors on Monday,BayStreet.CA reports. The firm presently has a C$63.00 target price on the stock, down from their previous target price of C$65.00. National Bank Financial’s price target would suggest a potential upside of 23.00% from the stock’s previous close.

A number of other brokerages also recently commented on X. Scotia boosted their target price on shares of TMX Group from C$70.00 to C$71.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, May 6th. BMO Capital Markets boosted their target price on TMX Group from C$62.00 to C$65.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Raymond James Financial upped their price target on TMX Group from C$61.50 to C$65.25 and gave the company a “strong-buy” rating in a report on Friday, June 12th. Canaccord Genuity Group increased their price target on shares of TMX Group from C$63.00 to C$64.00 and gave the company a “buy” rating in a research note on Monday, June 15th. Finally, Royal Bank Of Canada raised their price objective on shares of TMX Group from C$69.00 to C$71.00 and gave the stock an “outperform” rating in a report on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, TMX Group presently has an average rating of “Moderate Buy” and a consensus target price of C$65.36.

TMX Group Trading Up 2.6%

X traded up C$1.29 during mid-day trading on Monday, hitting C$51.22. 283,134 shares of the stock were exchanged, compared to its average volume of 875,077. The company has a market cap of C$14.14 billion, a PE ratio of 26.82, a PEG ratio of 12.65 and a beta of -0.16. TMX Group has a 1-year low of C$44.10 and a 1-year high of C$57.98. The company has a current ratio of 2.35, a quick ratio of 0.01 and a debt-to-equity ratio of 44.08. The firm’s fifty day moving average is C$49.68 and its two-hundred day moving average is C$49.87.

Insider Activity at TMX Group

In other TMX Group news, insider John Mckenzie bought 35,860 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was acquired at an average price of C$55.84 per share, for a total transaction of C$2,002,422.40. Following the completion of the purchase, the insider owned 136,634 shares of the company’s stock, valued at approximately C$7,629,642.56. This represents a 35.58% increase in their ownership of the stock. Insiders own 1.15% of the company’s stock.

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.