TMX Group (TSE:X) Price Target Raised to C$71.00

Key Points

• Scotia raised its price target on TMX Group to C$71.00 (from C$70.00) and maintains a "sector outperform" rating, implying about a 28.37% upside from the prior close.
• Analyst consensus is a "Moderate Buy" with an average target of C$64.50; the coverage breakdown is 1 Strong Buy, 5 Buy and 3 Hold.
• TMX traded at C$55.31 (down 0.8%) with a market cap of C$15.38B, a PE of 37.12, and a 12‑month range of C$44.10–C$57.98.

TMX Group (TSE:X - Get Free Report) had its price objective boosted by investment analysts at Scotia from C$70.00 to C$71.00 in a report released on Wednesday,BayStreet.CA reports. The firm presently has a "sector outperform" rating on the stock. Scotia's price target would suggest a potential upside of 28.37% from the company's previous close.

X has been the topic of several other research reports. Royal Bank Of Canada upped their target price on TMX Group from C$64.00 to C$65.00 and gave the stock an "outperform" rating in a report on Thursday, April 23rd. Raymond James Financial upped their target price on TMX Group from C$61.00 to C$61.50 and gave the stock a "strong-buy" rating in a report on Friday, April 17th. Canaccord Genuity Group dropped their target price on TMX Group from C$64.00 to C$61.00 and set a "buy" rating on the stock in a report on Monday, February 9th. National Bank Financial upped their price objective on 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, Barclays upped their price objective on TMX Group from C$52.00 to C$59.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of C$64.50.

TMX Group Stock Down 0.8%

X traded down C$0.42 on Wednesday, hitting C$55.31. 348,012 shares of the company were exchanged, compared to its average volume of 853,841. 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 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 company has a debt-to-equity ratio of 45.58, a quick ratio of 0.01 and a current ratio of 1.00. The stock's fifty day moving average is C$50.07 and its 200-day moving average is C$50.26.

TMX Group (TSE:X - Get Free Report) last released its earnings results on Thursday, February 5th. The company reported C$0.60 earnings per share (EPS) for the quarter. TMX Group had a return on equity of 8.85% and a net margin of 14.23%.The business had revenue of C$457.80 million for the quarter. Equities research analysts predict that TMX Group will post 1.7708421 EPS 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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