TMX Group Limited (OTCMKTS:TMXXF) Stock Rated “Buy” by Sell-Side Analysts

TMX Group Limited (OTCMKTS:TMXXF) has been assigned an average recommendation of “Buy” from the seven brokerages that are presently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company.

A number of analysts have issued reports on the company. National Bank Financial raised TMX Group from a “sector perform” rating to an “outperform” rating in a report on Monday, July 27th. Canadian Imperial Bank of Commerce initiated coverage on TMX Group in a research note on Monday, August 17th. They set an “outperform” rating for the company. Finally, Scotiabank reaffirmed an “outperform” rating on shares of TMX Group in a report on Monday, August 3rd.

TMX Group Price Performance

OTCMKTS:TMXXF opened at $44.14 on Wednesday. The business’s fifty day moving average price is $39.24 and its 200 day moving average price is $37.11. TMX Group has a 12 month low of $31.66 and a 12 month high of $44.40.

TMX Group Company Profile

TMX Group is a Canadian financial services and market infrastructure company headquartered in Toronto, Ontario. It operates marketplaces and clearing facilities that support the issuance, trading, clearing and settlement of securities and derivatives, serving companies, investors, financial institutions and other market participants. Through its businesses, TMX Group operates the Toronto Stock Exchange, TSX Venture Exchange and TSX Alpha Exchange, which provide listing and trading services for Canadian and international companies at different stages of development.