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TMX Group (X) Stock Forecast & Price Target

C$40.46
-0.34 (-0.83%)
(As of 07/12/2024 ET)

TMX Group - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Consensus Price Target

C$40.38
-0.21% Downside
High ForecastC$44.00
Average ForecastC$40.38
Low ForecastC$37.00
TypeCurrent Forecast
7/14/23 to 7/13/24
1 Month Ago
6/14/23 to 6/13/24
3 Months Ago
4/15/23 to 4/14/24
1 Year Ago
7/14/22 to 7/14/23
Consensus Rating
Hold
Hold
Hold
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
2 Buy rating(s)
2 Buy rating(s)
1 Buy rating(s)
1 Buy rating(s)
Hold
6 Hold rating(s)
6 Hold rating(s)
6 Hold rating(s)
3 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetC$40.38C$39.88C$37.14C$152.50
Forecasted Upside-0.21% Downside10.27% Upside9.77% Upside12.85% Upside
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X Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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X Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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TMX Group Stock vs. The Competition

TypeTMX GroupFinancial Services Companies
Consensus Rating Score
2.25
2.52
Consensus RatingHoldModerate Buy
News Sentiment RatingPositive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/10/2024Barclays
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 Boost TargetC$38.00 ➝ C$40.00-0.65%
7/10/2024BMO Capital Markets
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 Boost TargetC$42.00 ➝ C$44.00+9.29%
5/6/2024TD Securities
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 Boost TargetHoldC$35.00 ➝ C$37.00+0.71%
5/5/2024Royal Bank of Canada
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 Lower TargetSector PerformC$40.00 ➝ C$39.00+4.81%
5/3/2024CIBC
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 Boost TargetNeutralC$38.00 ➝ C$40.00+6.64%
4/30/2024Scotiabank
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 Boost TargetSector PerformC$38.00 ➝ C$39.00+7.50%
4/30/2024National Bankshares
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 Boost TargetSector PerformC$37.00 ➝ C$40.00+10.25%
4/26/2024Canaccord Genuity Group
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 Set TargetBuyC$44.00+20.78%
2/8/2023Deutsche Bank Aktiengesellschaft
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 Lower TargetC$145.00 ➝ C$143.00+9.45%
7/22/2022Haywood Securities
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 Lower TargetSector PerformC$138.00+9.77%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 11:50 PM ET.

X Forecast - Frequently Asked Questions

What is TMX Group's forecast for 2024?

According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for TMX Group is C$40.38, with a high forecast of C$44.00 and a low forecast of C$37.00.

Should I buy or sell TMX Group stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TMX Group in the last year. There are currently 6 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" X shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in X, but not buy additional shares or sell existing shares.

Does TMX Group's stock price have much upside?

According to analysts, TMX Group's stock has a predicted upside of 10.25% based on their 12-month stock forecasts.

What analysts cover TMX Group?

TMX Group has been rated by research analysts at Barclays, BMO Capital Markets, Canaccord Genuity Group, CIBC, National Bankshares, Royal Bank of Canada, Scotiabank, and TD Securities in the past 90 days.

Do Wall Street analysts like TMX Group more than its competitors?

Analysts like TMX Group less than other "financial services" companies. The consensus rating for TMX Group is Hold while the average consensus rating for "financial services" companies is Moderate Buy. Learn more on how X compares to other companies.


This page (TSE:X) was last updated on 7/13/2024 by MarketBeat.com Staff

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