Canaccord Genuity Group Cuts TMX Group (TSE:X) Price Target to C$61.00

TMX Group (TSE:X) had its price target cut by research analysts at Canaccord Genuity Group from C$64.00 to C$61.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 32.21% from the stock’s current price.

Several other research firms also recently commented on X. Scotiabank set a C$70.00 price objective on shares of TMX Group and gave the company a “sector perform” rating in a report on Friday, October 24th. Raymond James Financial raised TMX Group from an “outperform” rating to a “strong-buy” rating and increased their price target for the stock from C$59.00 to C$61.00 in a research report on Monday. National Bankshares boosted their price objective on TMX Group from C$59.00 to C$60.00 and gave the company a “sector perform” rating in a report on Tuesday, October 28th. TD Securities upgraded TMX Group from a “hold” rating to a “buy” rating and upped their target price for the stock from C$58.00 to C$60.00 in a research note on Wednesday, October 29th. Finally, Royal Bank Of Canada lifted their price target on TMX Group from C$66.00 to C$67.00 in a research report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$60.67.

TMX Group Stock Performance

X traded up C$0.72 on Monday, reaching C$46.14. 462,758 shares of the stock were exchanged, compared to its average volume of 632,846. The company has a debt-to-equity ratio of 47.49, a current ratio of 1.01 and a quick ratio of 0.01. The company’s 50-day moving average price is C$50.96 and its 200 day moving average price is C$52.47. The firm has a market capitalization of C$12.84 billion, a PE ratio of 27.96, a PEG ratio of 12.65 and a beta of -0.20. TMX Group has a fifty-two week low of C$44.82 and a fifty-two week high of C$57.98.

TMX Group (TSE:X) last announced its quarterly earnings data on Thursday, February 5th. The company reported C$0.60 earnings per share (EPS) for the quarter. The firm had revenue of C$457.80 million during the quarter. TMX Group had a return on equity of 3.37% and a net margin of 25.80%. As a group, sell-side analysts forecast that TMX Group will post 1.7708421 EPS 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.