Barclays Boosts TMX Group (TSE:X) Price Target to C$47.00

TMX Group (TSE:X) had its target price upped by analysts at Barclays from C$45.00 to C$47.00 in a research report issued on Monday,BayStreet.CA reports. Barclays‘s price objective suggests a potential upside of 6.77% from the company’s current price.

A number of other equities analysts have also weighed in on the company. National Bankshares increased their price target on TMX Group from C$43.00 to C$44.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. CIBC increased their price objective on TMX Group from C$43.00 to C$46.00 in a research note on Thursday, October 31st. TD Securities increased their price objective on TMX Group from C$42.00 to C$43.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Finally, BMO Capital Markets increased their price objective on TMX Group from C$50.00 to C$62.00 in a research note on Thursday, December 5th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, TMX Group presently has a consensus rating of “Hold” and an average target price of C$46.94.

TMX Group Trading Up 0.0 %

Shares of X stock opened at C$44.02 on Monday. The stock has a 50-day simple moving average of C$43.69 and a 200 day simple moving average of C$41.51. TMX Group has a fifty-two week low of C$29.84 and a fifty-two week high of C$45.92. The stock has a market capitalization of C$12.22 billion, a P/E ratio of 29.95, a P/E/G ratio of 12.65 and a beta of 0.43. The company has a quick ratio of 0.01, a current ratio of 1.00 and a debt-to-equity ratio of 51.71.

TMX Group (TSE:X) last released its quarterly earnings results on Wednesday, October 30th. The company reported C$0.41 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.40 by C$0.01. TMX Group had a return on equity of 10.08% and a net margin of 13.39%. The business had revenue of C$353.80 million during the quarter, compared to analyst estimates of C$356.24 million. On average, sell-side analysts expect that TMX Group will post 1.7708421 earnings per share for the current fiscal year.

TMX Group Company Profile

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.