Barclays Boosts TMX Group (TSE:X) Price Target to C$59.00

TMX Group (TSE:X) had its price objective raised by stock analysts at Barclays from C$52.00 to C$59.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price suggests a potential upside of 18.76% from the stock’s current price.

X has been the subject of a number of other reports. Canaccord Genuity Group cut their price target on TMX Group from C$64.00 to C$61.00 and set a “buy” rating for the company in a report on Monday, February 9th. Royal Bank Of Canada cut their price target on TMX Group from C$67.00 to C$64.00 and set an “outperform” rating for the company in a report on Monday, February 9th. Finally, Raymond James Financial raised TMX Group from a “moderate buy” rating to a “strong-buy” rating and raised their price target for the stock from C$59.00 to C$61.00 in a report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, TMX Group has a consensus rating of “Moderate Buy” and a consensus price target of C$61.44.

TMX Group Stock Performance

TSE X traded down C$0.13 on Wednesday, hitting C$49.68. 407,340 shares of the stock traded hands, compared to its average volume of 889,305. The business’s fifty day moving average is C$47.73 and its two-hundred day moving average is C$50.13. TMX Group has a 12 month low of C$44.10 and a 12 month high of C$57.98. The firm has a market capitalization of C$13.82 billion, a price-to-earnings ratio of 33.34, a PEG ratio of 12.65 and a beta of -0.35. The company has a debt-to-equity ratio of 45.58, a quick ratio of 0.01 and a current ratio of 1.00.

TMX Group (TSE:X) last announced its quarterly earnings data on Thursday, February 5th. The company reported C$0.60 earnings per share for the quarter. TMX Group had a return on equity of 8.85% and a net margin of 14.23%.The business had revenue of C$457.80 million during the quarter. As a group, equities analysts anticipate 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.