National Bankshares Increases TMX Group (TSE:X) Price Target to C$59.00

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 objective boosted by analysts at National Bankshares from C$58.00 to C$59.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has a "sector perform" rating on the stock. National Bankshares' price objective would indicate a potential upside of 3.11% from the company's previous close.

X has been the subject of several other research reports. Canaccord Genuity Group raised their target price on shares of TMX Group from C$52.00 to C$58.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. TD Securities increased their price objective on shares of TMX Group from C$54.00 to C$57.00 and gave the stock a "hold" rating in a research report on Wednesday, July 16th. 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 note on Wednesday, July 16th. Scotiabank increased their price target on TMX Group from C$63.00 to C$65.00 and gave the stock a "sector perform" rating in a report on Friday, August 1st. Finally, CIBC boosted their price objective on TMX Group from C$55.00 to C$57.00 and gave the company a "neutral" rating in a report on Monday, April 28th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of C$59.81.

TMX Group Price Performance

Shares of TSE:X traded down C$0.53 during mid-day trading on Monday, reaching C$57.22. The stock had a trading volume of 29,159 shares, compared to its average volume of 485,330. The business's 50 day moving average price is C$56.19 and its 200 day moving average price is C$53.03. TMX Group has a 1 year low of C$41.27 and a 1 year high of C$57.98. The company has a market cap of C$15.91 billion, a P/E ratio of 33.03, a price-to-earnings-growth ratio of 12.65 and a beta of 0.43. The company has a current ratio of 1.01, a quick ratio of 0.01 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.