TMX Group (TSE:X) Price Target Raised to C$64.00

Key Points

• National Bank Financial raised its price target on TMX Group to C$64.00 (from C$63.00) while maintaining a "sector perform" rating, implying roughly a 13.5% upside from the prior close.
• Analyst consensus is a Moderate Buy with an average price target of C$62.69; individual broker views vary from Raymond James' "strong-buy" (C$61.50) to RBC's "outperform" (C$65.00).
• TMX shares recently traded near C$56.39 (up ~0.7%), with a market capitalization of C$15.68 billion, a P/E of 37.85, and a 52‑week range of C$44.10–C$57.98.

TMX Group (TSE:X - Get Free Report) had its price target raised by analysts at National Bank Financial from C$63.00 to C$64.00 in a research report issued on Tuesday,BayStreet.CA reports. The brokerage presently has a "sector perform" rating on the stock. National Bank Financial's target price indicates a potential upside of 13.50% from the stock's previous close.

A number of other analysts also recently weighed in on the stock. Barclays upped their target price 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. Royal Bank Of Canada upped their target price on shares of TMX Group from C$64.00 to C$65.00 and gave the stock an "outperform" rating in a research report on Thursday, April 23rd. Raymond James Financial upped their target price on shares of TMX Group from C$61.00 to C$61.50 and gave the stock a "strong-buy" rating in a research report on Friday, April 17th. Finally, Canaccord Genuity Group reduced their target price on shares of TMX Group from C$64.00 to C$61.00 and set a "buy" rating on the stock in a research report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, TMX Group has an average rating of "Moderate Buy" and an average price target of C$62.69.

TMX Group Trading Up 0.7%

TMX Group stock traded up C$0.41 during mid-day trading on Tuesday, reaching C$56.39. 697,150 shares of the company traded hands, compared to its average volume of 849,059. The company has a debt-to-equity ratio of 45.58, a current ratio of 1.00 and a quick ratio of 0.01. The firm's 50 day moving average price is C$49.87 and its 200 day moving average price is C$50.23. The firm has a market capitalization of C$15.68 billion, a price-to-earnings ratio of 37.85, a P/E/G ratio of 12.65 and a beta of -0.35. TMX Group has a 52-week low of C$44.10 and a 52-week high of C$57.98.

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

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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