TMX Group (TSE:X) Price Target Raised to C$58.00

TMX Group (TSE:X - Get Free Report) had its target price upped by research analysts at Barclays from C$56.00 to C$58.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. Barclays's price target suggests a potential upside of 5.03% from the stock's previous close.

X has been the subject of a number of other reports. BMO Capital Markets lifted their price target on shares of TMX Group from C$55.00 to C$57.00 in a research report on Tuesday, April 15th. TD Securities boosted their price objective on shares of TMX Group from C$49.00 to C$54.00 and gave the stock a "hold" rating in a research note on Wednesday, April 30th. Scotiabank boosted their target price on shares of TMX Group from C$56.00 to C$58.00 and gave the company a "sector perform" rating in a report on Wednesday, May 7th. Raymond James Financial upgraded shares of TMX Group to a "moderate buy" rating in a report on Wednesday, May 28th. Finally, CIBC upped their price objective on shares of 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 two have issued a buy rating to the company's stock. According to data from MarketBeat, TMX Group currently has an average rating of "Hold" and a consensus target price of C$55.38.

TMX Group Trading Up 0.1%

TMX Group stock traded up C$0.05 during mid-day trading on Thursday, hitting C$55.22. 97,674 shares of the company's stock were exchanged, compared to its average volume of 499,445. The company's 50 day simple moving average is C$55.71 and its 200-day simple moving average is C$51.26. The firm has a market capitalization of C$15.36 billion, a P/E ratio of 31.88, a PEG ratio of 12.65 and a beta of 0.43. 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 has a fifty-two week low of C$39.61 and a fifty-two week high of C$57.77.

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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