TMX Group (TSE:X) Stock Price Expected to Rise, Raymond James Financial Analyst Says

TMX Group (TSE:X) had its price objective upped by research analysts at Raymond James Financial from C$61.50 to C$65.25 in a research note issued on Friday,BayStreet.CA reports. The brokerage currently has a “strong-buy” rating on the stock. Raymond James Financial’s target price would indicate a potential upside of 28.52% from the company’s previous close.

A number of other equities research analysts also recently issued reports on X. National Bank Financial boosted their price objective on shares of TMX Group from C$63.00 to C$64.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 5th. Scotia boosted their price objective on shares of TMX Group from C$70.00 to C$71.00 and gave the company a “sector outperform” rating in a research report on Wednesday, May 6th. Barclays boosted their price objective on shares of TMX Group from C$52.00 to C$59.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 8th. BMO Capital Markets boosted their price objective on shares of TMX Group from C$62.00 to C$65.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. Finally, Royal Bank Of Canada boosted their price objective on shares of TMX Group from C$65.00 to C$69.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, TMX Group presently has a consensus rating of “Moderate Buy” and an average target price of C$64.92.

TMX Group Stock Performance

TSE:X traded up C$0.66 during trading hours on Friday, reaching C$50.77. The company had a trading volume of 170,873 shares, compared to its average volume of 864,639. The company has a current ratio of 2.35, a quick ratio of 0.01 and a debt-to-equity ratio of 44.08. TMX Group has a 52 week low of C$44.10 and a 52 week high of C$57.98. The firm has a market cap of C$14.02 billion, a price-to-earnings ratio of 26.58, a PEG ratio of 12.65 and a beta of -0.20. The firm’s 50 day moving average price is C$52.41 and its 200-day moving average price is C$50.54.

Insider Buying and Selling at TMX Group

In related news, insider John Mckenzie sold 69,970 shares of TMX Group stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of C$54.71, for a total transaction of C$3,828,058.70. Following the transaction, the insider owned 100,774 shares in the company, valued at approximately C$5,513,345.54. The trade was a 40.98% decrease in their position. Company insiders own 1.15% of the company’s stock.

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.