TMX Group (TSE:X) Given a C$44.00 Price Target at Canaccord Genuity Group

TMX Group (TSE:X) has been assigned a C$44.00 target price by equities research analysts at Canaccord Genuity Group in a research report issued to clients and investors on Friday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price points to a potential upside of 20.71% from the company’s current price.

X has been the subject of several other reports. Barclays lifted their target price on shares of TMX Group from C$35.00 to C$38.00 in a research note on Monday, April 8th. Scotiabank upped their price objective 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. National Bankshares boosted their target price on shares of TMX Group to C$37.00 and gave the company a “sector perform” rating in a report on Monday, February 5th. Royal Bank of Canada increased their price target on shares of TMX Group from C$34.00 to C$36.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 6th. Finally, BMO Capital Markets raised shares of TMX Group from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from C$36.00 to C$41.00 in a research note on Monday, March 25th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, TMX Group presently has an average rating of “Hold” and an average target price of C$38.38.

TMX Group Trading Up 1.1 %

X traded up C$0.41 during mid-day trading on Friday, hitting C$36.45. 59,663 shares of the stock were exchanged, compared to its average volume of 351,362. The company has a market cap of C$10.08 billion, a PE ratio of 28.46, a PEG ratio of 12.65 and a beta of 0.39. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 26.67. The firm’s fifty day moving average is C$35.22 and its two-hundred day moving average is C$32.45. TMX Group has a 1-year low of C$27.13 and a 1-year high of C$37.01.

TMX Group (TSE:X) last posted its quarterly earnings results on Monday, February 5th. The company reported C$0.37 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.37. TMX Group had a return on equity of 9.10% and a net margin of 12.28%. The company had revenue of C$301.50 million for the quarter, compared to analysts’ expectations of C$300.05 million. Equities analysts forecast that TMX Group will post 1.6194927 earnings per share for the current fiscal year.

Insider Transactions at TMX Group

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

TMX Group Company Profile

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.