TMX Group (TSE:X) Given a C$66.00 Price Target by Royal Bank Of Canada Analysts

Key Points

• Royal Bank of Canada has set a price target of C$66.00 for TMX Group, reflecting a potential upside of 25.21% from its previous close while maintaining an "outperform" rating on the stock.
• The average price target from multiple analysts for TMX Group stands at C$61.06, with five analysts rating the stock as a Buy and three as Hold.
• As of the latest trading session, TMX Group's shares declined by 1.0%, closing at C$52.71, with a twelve-month trading range between C$42.06 and C$57.98.

TMX Group (TSE:X - Get Free Report) has been given a C$66.00 price objective by investment analysts at Royal Bank Of Canada in a report released on Wednesday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. Royal Bank Of Canada's target price suggests a potential upside of 25.21% from the company's previous close.

Several other equities research analysts have also recently commented on X. Raymond James Financial lifted their price target on shares of TMX Group from C$59.00 to C$62.50 and gave the stock an "outperform" rating in a research report on Friday, August 1st. National Bankshares increased their target price on shares of TMX Group from C$58.00 to C$59.00 and gave the stock a "sector perform" rating in a report on Monday, August 4th. Scotiabank upgraded shares of TMX Group from a "hold" rating to an "outperform" rating and increased their price target for the company from C$65.00 to C$70.00 in a research note on Wednesday, September 17th. TD Securities upped their price target on shares of TMX Group from C$57.00 to C$58.00 and gave the company a "hold" rating in a research note on Tuesday, August 5th. Finally, BMO Capital Markets upped 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 research note on Wednesday, July 16th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$61.06.

TMX Group Stock Down 1.0%

Shares of TSE:X traded down C$0.53 on Wednesday, reaching C$52.71. The company had a trading volume of 219,245 shares, compared to its average volume of 510,316. TMX Group has a twelve month low of C$42.06 and a twelve month high of C$57.98. The stock has a market capitalization of C$14.66 billion, a P/E ratio of 34.91, a P/E/G ratio of 12.65 and a beta of 0.10. The stock has a 50-day moving average price of C$55.16 and a 200 day moving average price of C$54.51. The company has a quick ratio of 0.01, a current ratio of 1.01 and a debt-to-equity ratio of 47.49.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.