Barclays Boosts TMX Group (TSE:X) Price Target to C$59.00

Key Points

• Barclays raised its target price for TMX Group from C$52.00 to C$59.00 and kept an equal weight rating, implying about an 18.76% upside from the prior close.
• Analyst consensus is a Moderate Buy with an average target of C$61.44; the breakdown is 1 Strong Buy, 4 Buy and 4 Hold ratings.
• Shares traded at C$49.68 (down 0.3%) with a market cap of C$13.82B and a P/E of 33.34, leaving the stock trading well below current analyst targets.

TMX Group (TSE:X - Get Free Report) had its target price boosted by equities researchers at Barclays from C$52.00 to C$59.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has an "equal weight" rating on the stock. Barclays's price objective indicates a potential upside of 18.76% from the stock's previous close.

Other research analysts also recently issued reports about the company. Canaccord Genuity Group dropped their price objective on TMX Group from C$64.00 to C$61.00 and set a "buy" rating on the stock in a research note on Monday, February 9th. Royal Bank Of Canada lowered their price objective on TMX Group from C$67.00 to C$64.00 and set an "outperform" rating for the company in a research note on Monday, February 9th. Finally, Raymond James Financial raised TMX Group from a "moderate buy" rating to a "strong-buy" rating and increased their price objective for the stock from C$59.00 to C$61.00 in a research note on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, TMX Group has an average rating of "Moderate Buy" and an average target price of C$61.44.

TMX Group Trading Down 0.3%

Shares of TSE X traded down C$0.13 during trading on Wednesday, reaching C$49.68. The company had a trading volume of 407,340 shares, compared to its average volume of 889,305. The company's fifty day moving average price is C$47.73 and its 200-day moving average price is C$50.13. TMX Group has a 12 month low of C$44.10 and a 12 month high of C$57.98. The stock has a market cap of C$13.82 billion, a P/E ratio of 33.34, a PEG ratio of 12.65 and a beta of -0.35. 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 - Get Free Report) last released its quarterly earnings results on Thursday, February 5th. The company reported C$0.60 EPS for the quarter. The firm had revenue of C$457.80 million for the quarter. TMX Group had a return on equity of 8.85% and a net margin of 14.23%. As a group, research analysts expect that TMX Group will post 1.7708421 earnings per share for the current year.

TMX Group Company Profile

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.

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