TMX Group (TSE:X) Price Target Raised to C$69.00 at Royal Bank Of Canada

Key Points

• Royal Bank of Canada raised its price target on TMX Group from C$65 to C$69 and kept an "outperform" rating, implying roughly a 24.75% upside from the recent share price.
• Shares traded at C$55.31 (down ~0.8%) on the day; analysts' consensus is a "Moderate Buy" with a mean price target of C$64.50 and a breakdown of 1 Strong Buy, 5 Buy and 3 Hold ratings.
• TMX reported quarterly EPS of C$0.60 on revenue of C$457.8M and carries a market cap of C$15.38B with a trailing P/E of about 37.1.

TMX Group (TSE:X - Get Free Report) had its price target lifted by equities research analysts at Royal Bank Of Canada from C$65.00 to C$69.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. Royal Bank Of Canada's price target points to a potential upside of 24.75% from the company's current price.

Several other research analysts have also commented on X. Barclays boosted their price objective on shares of TMX Group from C$52.00 to C$59.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 8th. Canaccord Genuity Group reduced their price objective on shares of TMX Group from C$64.00 to C$61.00 and set a "buy" rating for the company in a research note on Monday, February 9th. Scotia upped their price target on shares of TMX Group from C$70.00 to C$71.00 and gave the company a "sector outperform" rating in a research note on Wednesday. National Bank Financial upped their price target on shares of TMX Group from C$63.00 to C$64.00 and gave the company a "sector perform" rating in a research note on Tuesday. Finally, Raymond James Financial upped their price target on shares of TMX Group from C$61.00 to C$61.50 and gave the company a "strong-buy" rating in a research note on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, TMX Group presently has an average rating of "Moderate Buy" and a consensus price target of C$64.50.

TMX Group Stock Down 0.8%

Shares of TSE X traded down C$0.42 during trading hours on Wednesday, hitting C$55.31. 348,012 shares of the stock were exchanged, 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 company has a market cap of C$15.38 billion, a PE ratio of 37.12, a PEG ratio of 12.65 and a beta of -0.34. The firm has a fifty day moving average price of C$50.07 and a 200-day moving average price of C$50.26. TMX Group has a 12 month low of C$44.10 and a 12 month high of C$57.98.

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