TMX Group (TSE:X) Given New C$65.00 Price Target at BMO Capital Markets

Key Points

• BMO Capital Markets raised its price target on TMX Group to C$65.00 (from C$62.00) and kept an outperform rating, implying roughly a 17.5% upside from the recent close.
• Multiple brokers have lifted targets recently and the consensus price target sits at C$64.50, with an average analyst rating of "Moderate Buy" (1 Strong Buy, 5 Buy, 3 Hold).
• TMX traded around C$55.31 midday, has a market cap of C$15.38B and a PE of 37.12; last quarter EPS was C$0.60 and analysts forecast about C$1.77 EPS for the fiscal year.

TMX Group (TSE:X - Get Free Report) had its target price upped by stock analysts at BMO Capital Markets from C$62.00 to C$65.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. BMO Capital Markets' price target would indicate a potential upside of 17.52% from the stock's previous close.

Other equities research analysts have also recently issued reports about the stock. Barclays boosted their price target on shares of TMX Group from C$52.00 to C$59.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 8th. Scotia lifted their price target on TMX Group from C$70.00 to C$71.00 and gave the stock a "sector outperform" rating in a research note on Wednesday. National Bank Financial lifted their price target on TMX Group from C$63.00 to C$64.00 and gave the stock a "sector perform" rating in a research note on Tuesday. Raymond James Financial lifted their price target on TMX Group from C$61.00 to C$61.50 and gave the stock a "strong-buy" rating in a research note on Friday, April 17th. Finally, Royal Bank Of Canada lifted their price target on TMX Group from C$65.00 to C$69.00 and gave the stock an "outperform" rating in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of C$64.50.

TMX Group Price Performance

TMX Group stock traded down C$0.42 during midday trading on Wednesday, hitting C$55.31. The company's stock had a trading volume of 348,012 shares, compared to its average volume of 853,841. The company has a quick ratio of 0.01, a current ratio of 1.00 and a debt-to-equity ratio of 45.58. The stock's 50-day moving average price is C$50.07 and its 200-day moving average price is C$50.26. TMX Group has a 12 month low of C$44.10 and a 12 month high of C$57.98. The company has a market capitalization of C$15.38 billion, a PE ratio of 37.12, a price-to-earnings-growth ratio of 12.65 and a beta of -0.34.

TMX Group (TSE:X - Get Free Report) last issued its quarterly earnings results on Thursday, February 5th. The company reported C$0.60 EPS for the quarter. TMX Group had a net margin of 14.23% and a return on equity of 8.85%. The firm had revenue of C$457.80 million for the quarter. Analysts anticipate that TMX Group will post 1.7708421 earnings per share for the current fiscal year.

About TMX Group

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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