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

Key Points

• TMX Group's price target has been raised by National Bankshares from C$55.00 to C$58.00, suggesting a potential upside of 2.65% from its previous close.
• Other analysts like Scotiabank and BMO Capital Markets have also increased their target prices for TMX Group, reflecting overall positive sentiment with a consensus rating of "Hold."
• TMX Group currently has a market capitalization of C$15.71 billion and reported a trading volume significantly lower than its average, indicating fluctuating market activity.

TMX Group (TSE:X - Get Free Report) had its price objective hoisted by research analysts at National Bankshares from C$55.00 to C$58.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a "sector perform" rating on the stock. National Bankshares' price objective would suggest a potential upside of 2.65% from the company's previous close.

Other equities research analysts have also issued reports about the stock. Scotiabank lifted their target price on shares of TMX Group from C$57.00 to C$63.00 in a research report on Wednesday, July 23rd. CIBC boosted their price objective on shares of TMX Group from C$55.00 to C$57.00 and gave the stock a "neutral" rating in a report on Monday, April 28th. Barclays boosted their price objective on shares of TMX Group from C$56.00 to C$58.00 in a report on Thursday, July 10th. BMO Capital Markets boosted their price objective on shares of TMX Group from C$57.00 to C$61.00 and gave the stock an "outperform" rating in a report on Wednesday, July 16th. Finally, Canaccord Genuity Group boosted their price objective 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. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, TMX Group currently has a consensus rating of "Hold" and a consensus target price of C$57.25.

TMX Group Stock Performance

Shares of X traded down C$0.14 during trading hours on Tuesday, hitting C$56.50. The company's stock had a trading volume of 56,866 shares, compared to its average volume of 485,044. The company has a market cap of C$15.71 billion, a price-to-earnings ratio of 32.61, a PEG ratio of 12.65 and a beta of 0.43. The company has a debt-to-equity ratio of 47.49, a current ratio of 1.01 and a quick ratio of 0.01. The business has a 50 day simple moving average of C$56.03 and a two-hundred day simple moving average of C$52.45. TMX Group has a 52-week low of C$39.70 and a 52-week high of C$57.77.

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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