Royal Bank Of Canada Issues Positive Forecast for TMX Group (TSE:X) Stock Price

TMX Group (TSE:X) had its target price hoisted by equities researchers at Royal Bank Of Canada from C$67.00 to C$75.00 in a report issued on Monday, BayStreet reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada‘s price target would suggest a potential upside of 24.23% from the stock’s previous close.

X has been the topic of a number of other research reports. RBC Dominion Securities decreased their price objective on shares of TMX Group from C$69.00 to C$67.00 and set an “outperform” rating on the stock in a report on Thursday, October 15th. Raymond James Financial raised their price objective on TMX Group from C$64.50 to C$69.00 and gave the stock a “strong-buy” rating in a report on Friday. Canaccord Genuity Group upped their target price on TMX Group from C$64.00 to C$65.00 and gave the stock a “buy” rating in a research report on Wednesday, October 14th. National Bank Financial boosted their price objective on shares of TMX Group from C$64.00 to C$67.00 and gave the stock an “outperform” rating in a report on Wednesday, October 28th. Finally, Barclays upped their price objective on shares of TMX Group from C$58.00 to C$59.00 in a research report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$67.25.

TMX Group Stock Up 0.5%

X stock traded up C$0.30 during trading on Monday, hitting C$60.37. 432,907 shares of the company’s stock were exchanged, compared to its average volume of 801,482. The business has a 50-day moving average price of C$54.15 and a two-hundred day moving average price of C$51.19. The company has a current ratio of 10.13, a quick ratio of 0.01 and a debt-to-equity ratio of 57.61. The stock has a market capitalization of C$16.63 billion, a price-to-earnings ratio of 27.82, a PEG ratio of 12.65 and a beta of -0.17. TMX Group has a 52-week low of C$44.10 and a 52-week high of C$62.57.

TMX Group (TSE:X) last issued its quarterly earnings data on Thursday, October 29th. The company reported C$0.63 earnings per share for the quarter. TMX Group had a return on equity of 3.71% and a net margin of 30.56%. The company had revenue of C$491.10 million during the quarter. As a group, equities research analysts expect that TMX Group will post 1.77 EPS for the current year.

Insider Transactions at TMX Group

In other news, insider Cheryl Graden sold 17,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of C$54.14, for a total transaction of C$920,380.00. Over the last ninety days, insiders have sold 41,735 shares of company stock worth $2,268,124. Insiders own 1.15% of the company’s stock.

TMX Group Company Profile

TMX Group operates global markets, and builds digital communities and analytic solutions that facilitate the funding, growth and success of businesses, traders and investors. TMX Group’s key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, TSX Trust, TMX Trayport, TMX Datalinx, TMX VettaFi and TMX Newsfile, which provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community.