CIBC Increases TMX Group (TSE:X) Price Target to C$38.00

TMX Group (TSE:X - Get Free Report) had its target price lifted by equities research analysts at CIBC from C$35.00 to C$38.00 in a research report issued on Friday, BayStreet.CA reports. CIBC's price objective would indicate a potential upside of 4.45% from the company's previous close.

Other equities research analysts also recently issued reports about the stock. Scotiabank lifted their price target on shares of TMX Group from C$36.00 to C$38.00 and gave the company a "sector perform" rating in a research note on Wednesday, February 7th. TD Securities lifted their price objective on shares of TMX Group from C$34.00 to C$35.00 and gave the company a "hold" rating in a report on Wednesday, February 7th. Barclays lifted their price objective on shares of TMX Group from C$35.00 to C$38.00 in a report on Monday, April 8th. BMO Capital Markets upgraded shares of TMX Group from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from C$36.00 to C$41.00 in a report on Monday, March 25th. Finally, National Bankshares lifted their price objective on shares of TMX Group to C$37.00 and gave the company a "sector perform" rating in a report on Monday, February 5th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, TMX Group has a consensus rating of "Hold" and an average target price of C$38.38.

TMX Group Trading Up 0.9 %

TSE X traded up C$0.34 during mid-day trading on Friday, reaching C$36.38. 225,040 shares of the stock were exchanged, compared to its average volume of 353,440. TMX Group has a one year low of C$27.13 and a one year high of C$37.01. The stock has a 50 day simple moving average of C$35.25 and a 200-day simple moving average of C$32.48. The stock has a market cap of C$10.06 billion, a P/E ratio of 28.42, a P/E/G ratio of 12.65 and a beta of 0.39. The company has a debt-to-equity ratio of 26.67, a current ratio of 1.00 and a quick ratio of 0.01.

TMX Group (TSE:X - Get Free Report) last announced its earnings results on Monday, February 5th. The company reported C$0.37 earnings per share for the quarter, hitting analysts' consensus estimates of C$0.37. TMX Group had a net margin of 12.28% and a return on equity of 9.10%. The business had revenue of C$301.50 million during the quarter, compared to the consensus estimate of C$300.05 million. On average, analysts anticipate that TMX Group will post 1.6194927 EPS for the current year.

Insider Buying and Selling at TMX Group

In other news, Senior Officer Jayakumar Rajarathinam sold 95,750 shares of the company's stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of C$33.78, for a total transaction of C$3,234,636.08. In related news, Senior Officer Luc Fortin sold 15,140 shares of the company's stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of C$35.32, for a total value of C$534,744.80. Also, Senior Officer Jayakumar Rajarathinam sold 95,750 shares of the company's stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of C$33.78, for a total transaction of C$3,234,636.08. Insiders own 5.57% of the company's stock.

About TMX Group

TMX Group Limited operates exchanges, markets, and clearinghouses primarily for capital markets in Canada, the United States, the United Kingdom, Germany, and internationally. It operates through four segments: Global Solutions, Insights & Analytics; Capital Formation; Derivatives Trading & Clearing; and Equities and Fixed Income Trading & Clearing.