TMX Group (OTCMKTS:TMXXF) Stock Price Down 0.8% – What’s Next?

TMX Group Limited (OTCMKTS:TMXXF)’s stock price dropped 0.8% during trading on Tuesday. The company traded as low as $36.9650 and last traded at $37.31. Approximately 165,954 shares were traded during mid-day trading, an increase of 258% from the average session volume of 46,408 shares. The stock had previously closed at $37.6252.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Scotiabank reissued an “outperform” rating on shares of TMX Group in a report on Monday, August 3rd. Canadian Imperial Bank of Commerce initiated coverage on TMX Group in a report on Monday, August 17th. They issued an “outperform” rating for the company. Finally, National Bank Financial upgraded TMX Group from a “sector perform” rating to an “outperform” rating in a research report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy”.

TMX Group Trading Down 0.8%

The stock’s fifty day simple moving average is $38.10 and its 200 day simple moving average is $37.16.

About TMX Group

TMX Group Limited is a Canadian financial markets infrastructure company that operates marketplaces, clearinghouses, depositories and market-data businesses. Its principal markets include Toronto Stock Exchange (TSX), TSX Venture Exchange, TSX Alpha Exchange and Montréal Exchange. These platforms support the listing and trading of equities, fixed-income products, derivatives and other financial instruments.

Through its clearing and settlement businesses, including Canadian Derivatives Clearing Corporation and CDS Clearing and Depository Services, TMX Group provides clearing, settlement, custody and depository services for Canadian capital markets.