TMX Group (TSE:X) Price Target Lowered to C$39.00 at Royal Bank of Canada

TMX Group (TSE:X - Get Free Report) had its price target decreased by Royal Bank of Canada from C$40.00 to C$39.00 in a research note issued to investors on Sunday, BayStreet.CA reports. The brokerage currently has a "sector perform" rating on the stock. Royal Bank of Canada's price objective would suggest a potential upside of 4.81% from the company's current price.

X has been the subject of several other research reports. National Bankshares raised their price objective on shares of TMX Group from C$37.00 to C$40.00 and gave the company a "sector perform" rating in a research report on Tuesday, April 30th. Canaccord Genuity Group set a C$44.00 price objective on shares of TMX Group and gave the company a "buy" rating in a research report on Friday, April 26th. CIBC raised their price objective on shares of TMX Group from C$38.00 to C$40.00 and gave the company a "neutral" rating in a research report on Friday. Barclays raised their price objective on shares of TMX Group from C$35.00 to C$38.00 in a research report on Monday, April 8th. Finally, Scotiabank raised their price objective on shares of TMX Group from C$38.00 to C$39.00 and gave the company a "sector perform" rating in a research report on Tuesday, April 30th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, TMX Group currently has an average rating of "Hold" and a consensus price target of C$39.50.

TMX Group Stock Performance

Shares of TMX Group stock traded up C$0.70 during trading on Friday, hitting C$37.21. 391,067 shares of the stock were exchanged, compared to its average volume of 350,080. The stock's fifty day moving average is C$35.51 and its 200 day moving average is C$32.78. The stock has a market cap of C$10.29 billion, a PE ratio of 29.07, 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 quick ratio of 0.01 and a current ratio of 1.00. TMX Group has a 12 month low of C$27.74 and a 12 month high of C$37.59.

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 (EPS) for the quarter, meeting analysts' consensus estimates of C$0.37. The firm had revenue of C$301.50 million during the quarter, compared to analyst estimates of C$300.05 million. TMX Group had a net margin of 12.28% and a return on equity of 9.10%. As a group, sell-side analysts anticipate that TMX Group will post 1.6194927 EPS for the current year.

Insider Buying and Selling

In other news, Senior Officer Luc Fortin sold 15,140 shares of TMX Group 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. In other news, Senior Officer Jayakumar Rajarathinam sold 95,750 shares of TMX Group stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of C$33.78, for a total value of C$3,234,636.08. Also, Senior Officer Luc Fortin sold 15,140 shares of TMX Group 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 transaction of C$534,744.80. 5.57% of the stock is currently owned by corporate insiders.

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.