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

Key Points

• Barclays has lowered its target price for TMX Group's stock from C$60.00 to C$58.00, maintaining an "equal weight" rating, which suggests a potential upside of 12.95% from its previous close.
• Other analysts have identified mixed outlooks for TMX Group, with target prices ranging from C$59.00 to C$70.00, resulting in a consensus rating of "Moderate Buy" and an average target price of C$61.06.
• TMX Group shares recently traded down C$0.47 to C$51.35, with a market capitalization of C$14.28 billion and a PE ratio of 34.01.

TMX Group (TSE:X - Get Free Report) had its target price lowered by equities research analysts at Barclays from C$60.00 to C$58.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has an "equal weight" rating on the stock. Barclays's price objective suggests a potential upside of 12.95% from the company's previous close.

A number of other equities analysts also recently commented on X. Royal Bank Of Canada set a C$66.00 target price on shares of TMX Group and gave the company a "moderate buy" rating in a research note on Wednesday, October 1st. Scotiabank upgraded shares of TMX Group from a "hold" rating to an "outperform" rating and raised their target price for the company from C$65.00 to C$70.00 in a research note on Wednesday, September 17th. Raymond James Financial raised their target price on shares of TMX Group from C$59.00 to C$62.50 and gave the company an "outperform" rating in a research note on Friday, August 1st. National Bankshares increased their price target on shares of TMX Group from C$58.00 to C$59.00 and gave the company a "sector perform" rating in a report on Monday, August 4th. Finally, BMO Capital Markets increased their price target on shares of TMX Group from C$57.00 to C$61.00 and gave the company an "outperform" rating in a report on Wednesday, July 16th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, TMX Group has a consensus rating of "Moderate Buy" and an average target price of C$61.06.

TMX Group Trading Down 0.9%

Shares of TMX Group stock traded down C$0.47 on Wednesday, hitting C$51.35. 380,607 shares of the company's stock traded hands, compared to its average volume of 509,693. The firm's 50-day moving average price is C$54.76 and its two-hundred day moving average price is C$54.55. The stock has a market capitalization of C$14.28 billion, a PE ratio of 34.01, a price-to-earnings-growth ratio of 12.65 and a beta of -0.02. TMX Group has a one year low of C$42.13 and a one year high of C$57.98. The company has a debt-to-equity ratio of 47.49, a current ratio of 1.01 and a quick ratio of 0.01.

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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