TMX Group (TSE:X) had its target price reduced by National Bank Financial to C$147.00 in a research report issued to clients and investors on Friday, Stock Target Advisor reports. The brokerage currently has a "sector perform" rating on the stock. National Bank Financial's target price points to a potential upside of 16.78% from the company's current price.
Several other equities analysts have also issued reports on the company. Deutsche Bank Aktiengesellschaft boosted their price target on TMX Group from C$151.00 to C$152.00 and gave the company a "strong-buy" rating in a research note on Friday, December 17th. Royal Bank of Canada dropped their price target on TMX Group from C$159.00 to C$157.00 and set a "sector perform" rating on the stock in a research note on Tuesday, November 9th. National Bankshares lowered their target price on TMX Group from C$154.00 to C$147.00 and set a "sector perform" rating on the stock in a research report on Friday. Finally, Scotiabank lowered TMX Group to a "hold" rating and set a C$153.00 target price on the stock. in a research report on Wednesday, November 10th. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, TMX Group has an average rating of "Hold" and an average target price of C$151.57.
X stock traded down C$1.58 during trading on Friday, hitting C$125.88. The company had a trading volume of 68,733 shares, compared to its average volume of 100,406. The business has a 50-day moving average of C$128.35 and a 200-day moving average of C$133.04. TMX Group has a one year low of C$120.13 and a one year high of C$145.69. The stock has a market cap of C$7.09 billion and a PE ratio of 22.13. The company has a current ratio of 1.01, a quick ratio of 0.01 and a debt-to-equity ratio of 30.15.
TMX Group (TSE:X) last announced its earnings results on Monday, November 8th. The company reported C$1.57 EPS for the quarter, missing the Thomson Reuters' consensus estimate of C$1.60 by C($0.03). The company had revenue of C$231.30 million during the quarter, compared to analyst estimates of C$232.25 million. Research analysts forecast that TMX Group will post 7.0399996 EPS for the current year.
In other TMX Group news, Director Luc Bertrand acquired 10,000 shares of TMX Group stock in a transaction on Thursday, November 18th. The stock was purchased at an average price of C$133.00 per share, for a total transaction of C$1,330,000.00. Following the purchase, the director now directly owns 600,000 shares of the company's stock, valued at C$79,800,000.
About TMX Group
TMX Group Limited operates exchanges, markets, and clearinghouses primarily for capital markets in Canada and internationally. The company operates through four segments: Global Solutions, Insights & Analytics; Capital Formation; Derivatives Trading and Clearing; and Equities and Fixed Income Trading & Clearing.
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