TMX Group (TSE:X) Given New C$59.00 Price Target at National Bankshares

Key Points

• TMX Group's price target was increased by National Bankshares from C$58.00 to C$59.00, indicating a potential upside of 5.68% from its current stock price.
• Multiple brokerages have issued revised price targets, with BMO Capital Markets setting a new target of C$61.00 and Scotiabank adjusting theirs to C$65.00, while the average target across analysts is C$59.69.
• TMX Group's shares traded down by 0.9% to C$55.83 on the reporting day, with a market cap of C$15.53 billion and a P/E ratio of 32.23.

TMX Group (TSE:X - Get Free Report) had its price target hoisted by research analysts at National Bankshares from C$58.00 to C$59.00 in a report released on Monday,BayStreet.CA reports. The brokerage presently has a "sector perform" rating on the stock. National Bankshares' price target would indicate a potential upside of 5.68% from the stock's current price.

A number of other brokerages have also recently issued reports on X. BMO Capital Markets upped their target price on TMX Group from C$57.00 to C$61.00 and gave the company an "outperform" rating in a research report on Wednesday, July 16th. Scotiabank increased their price target on shares of TMX Group from C$63.00 to C$65.00 and gave the stock a "sector perform" rating in a research note on Friday. Raymond James Financial raised their price objective 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. Barclays upped their target price on shares of TMX Group from C$56.00 to C$58.00 in a report on Thursday, July 10th. Finally, CIBC increased their target price on shares of TMX Group from C$55.00 to C$57.00 and gave the stock a "neutral" rating in a research note on Monday, April 28th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of C$59.69.

TMX Group Stock Down 0.9%

Shares of TMX Group stock traded down C$0.51 on Monday, reaching C$55.83. 249,262 shares of the company were exchanged, compared to its average volume of 484,767. The stock's 50 day moving average price is C$56.10 and its 200-day moving average price is C$52.81. 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 has a 1-year low of C$39.70 and a 1-year high of C$57.77. The company has a market cap of C$15.53 billion, a P/E ratio of 32.23, a price-to-earnings-growth ratio of 12.65 and a beta of 0.43.

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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