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

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

X has been the subject of a number of other research reports. Barclays lifted their target price on shares of TMX Group from C$55.00 to C$56.00 in a research note on Wednesday, May 7th. BMO Capital Markets lifted their target price on shares of TMX Group from C$55.00 to C$57.00 in a report on Tuesday, April 15th. National Bankshares lifted their target price on shares of TMX Group from C$50.00 to C$55.00 and gave the stock a "sector perform" rating in a report on Wednesday, April 30th. Scotiabank boosted their price target on shares of TMX Group from C$56.00 to C$58.00 and gave the company a "sector perform" rating in a report on Wednesday, May 7th. Finally, CIBC upped their target price on shares of TMX Group from C$55.00 to C$57.00 and gave the stock a "neutral" rating in a research note on Monday, April 28th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to 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

X stock traded down C$0.17 during trading on Wednesday, reaching C$55.69. 75,581 shares of the stock were exchanged, compared to its average volume of 517,926. TMX Group has a twelve month low of C$35.65 and a twelve month high of C$56.91. The company has a market capitalization of C$15.49 billion, a P/E ratio of 32.15, a price-to-earnings-growth ratio of 12.65 and a beta of 0.43. The stock has a 50 day simple moving average of C$53.20 and a 200-day simple moving average of C$49.09. The company has a current ratio of 1.01, a quick ratio of 0.01 and a debt-to-equity ratio of 47.49.

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.