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TMX Group (TSE:X) Price Target Raised to C$61.00 at BMO Capital Markets

TMX Group logo with Financial Services background

TMX Group (TSE:X - Get Free Report) had its price target upped by research analysts at BMO Capital Markets from C$57.00 to C$61.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. BMO Capital Markets' target price indicates a potential upside of 8.00% from the stock's current price.

A number of other research firms have also commented on X. Canaccord Genuity Group lifted their target price 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. Raymond James Financial upgraded TMX Group to a "moderate buy" rating in a research note on Wednesday, May 28th. National Bankshares boosted their price target on TMX Group from C$50.00 to C$55.00 and gave the stock a "sector perform" rating in a research report on Wednesday, April 30th. TD Securities boosted their price target on TMX Group from C$54.00 to C$57.00 and gave the stock a "hold" rating in a research report on Wednesday. Finally, CIBC upped their target price 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 analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of C$56.25.

Read Our Latest Research Report on X

TMX Group Price Performance

Shares of TSE:X traded up C$0.71 during trading on Wednesday, reaching C$56.48. The stock had a trading volume of 332,614 shares, compared to its average volume of 496,587. TMX Group has a 52 week low of C$39.70 and a 52 week high of C$57.77. The business's 50-day moving average price is C$55.79 and its 200 day moving average price is C$51.82. 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 stock has a market capitalization of C$15.71 billion, a PE ratio of 32.60, a P/E/G ratio of 12.65 and a beta of 0.43.

TMX Group Company Profile

(Get Free Report)

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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