TMX Group (TSE:X) Rating Increased to Moderate Buy at Raymond James

TMX Group (TSE:X - Get Free Report) was upgraded by analysts at Raymond James to a "moderate buy" rating in a research report issued on Wednesday,Zacks.com reports.

A number of other brokerages have also weighed in on X. Scotiabank upped their target price on TMX Group from C$56.00 to C$58.00 and gave the stock a "sector perform" rating in a research note on Wednesday, May 7th. Canaccord Genuity Group upped their target price on TMX Group from C$52.00 to C$58.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. National Bankshares upped their target price on TMX Group from C$50.00 to C$55.00 and gave the stock a "sector perform" rating in a research note on Wednesday, April 30th. TD Securities upped their price objective on TMX Group from C$49.00 to C$54.00 and gave the stock a "hold" rating in a report on Wednesday, April 30th. Finally, Barclays upped their price objective on TMX Group from C$55.00 to C$56.00 in a report on Wednesday, May 7th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of C$55.13.

TMX Group Stock Performance

Shares of TSE:X traded down C$0.13 during midday trading on Wednesday, reaching C$55.59. 1,274,242 shares of the company traded hands, compared to its average volume of 513,013. The company has a quick ratio of 0.01, a current ratio of 1.01 and a debt-to-equity ratio of 47.49. TMX Group has a 12 month low of C$35.65 and a 12 month high of C$56.91. The firm has a market capitalization of C$15.46 billion, a price-to-earnings ratio of 32.09, a price-to-earnings-growth ratio of 12.65 and a beta of 0.43. The firm's fifty day moving average price is C$53.12 and its two-hundred day moving average price is C$48.98.

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.