TMX Group (TSE:X) Given New C$67.00 Price Target at National Bank Financial

Key Points

• National Bank Financial raised its TMX Group price target from C$64.00 to C$67.00 and maintained an “outperform” rating, implying 17.92% upside from the current price.
• Analyst sentiment remains positive: TMX Group has an average “Buy” rating and a consensus price target of C$65.50, based on one Strong Buy, seven Buy, and one Hold rating.
• TMX Group shares recently traded at C$56.82, while the company reported C$0.62 in quarterly EPS and C$487.5 million in revenue; insiders have sold 41,735 shares worth approximately C$2.27 million over the past 90 days.

TMX Group (TSE:X - Get Free Report) had its price objective increased by equities researchers at National Bank Financial from C$64.00 to C$67.00 in a note issued to investors on Wednesday, BayStreet reports. The firm presently has an "outperform" rating on the stock. National Bank Financial's price objective would suggest a potential upside of 17.92% from the company's current price.

X has been the topic of a number of other reports. Canaccord Genuity Group increased their price objective on TMX Group from C$64.00 to C$65.00 and gave the company a "buy" rating in a research report on Wednesday, October 14th. Barclays boosted their target price on TMX Group from C$58.00 to C$59.00 in a research report on Thursday, July 9th. RBC Dominion Securities dropped their target price on TMX Group from C$69.00 to C$67.00 and set an "outperform" rating for the company in a research report on Thursday, October 15th. Finally, Raymond James Financial cut their price target on TMX Group from C$65.25 to C$64.50 and set a "strong-buy" rating on the stock in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, TMX Group currently has an average rating of "Buy" and a consensus price target of C$65.50.

TMX Group Price Performance

Shares of TSE X traded down C$0.88 during trading on Wednesday, reaching C$56.82. The company had a trading volume of 224,430 shares, compared to its average volume of 798,802. TMX Group has a 52 week low of C$44.10 and a 52 week high of C$58.53. The business's 50 day moving average price is C$53.82 and its 200-day moving average price is C$51.08. The stock has a market cap of C$15.65 billion, a PE ratio of 26.18, a PEG ratio of 12.65 and a beta of -0.17. The company has a debt-to-equity ratio of 41.81, a quick ratio of 0.01 and a current ratio of 2.76.

TMX Group (TSE:X - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported C$0.62 EPS for the quarter. TMX Group had a net margin of 32.55% and a return on equity of 3.81%. The business had revenue of C$487.50 million for the quarter. Analysts expect that TMX Group will post 1.77 earnings per share for the current year.

Insider Buying and Selling at TMX Group

In other TMX Group news, insider Cheryl Graden sold 8,885 shares of the firm's stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of C$54.41, for a total value of C$483,432.85. Following the transaction, the insider directly owned 32,845 shares of the company's stock, valued at approximately C$1,787,096.45. This trade represents a 21.29% decrease in their ownership of the stock. Insiders have sold 41,735 shares of company stock worth $2,268,124 over the last ninety days. Insiders own 1.15% of the company's stock.

TMX Group Company Profile

TMX Group operates global markets, and builds digital communities and analytic solutions that facilitate the funding, growth and success of businesses, traders and investors. TMX Group's key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, TSX Trust, TMX Trayport, TMX Datalinx, TMX VettaFi and TMX Newsfile, which provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community.

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