TMX Group Limited (TSE:X) Receives C$41.81 Consensus Price Target from Brokerages

TMX Group Limited (TSE:X) has been assigned an average recommendation of “Hold” from the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is C$42.19.

A number of brokerages have issued reports on X. CIBC lifted their price objective on TMX Group from C$40.00 to C$43.00 in a report on Friday, July 19th. Barclays boosted their price target on shares of TMX Group from C$38.00 to C$40.00 in a research report on Wednesday, July 10th. TD Securities raised their price objective on shares of TMX Group from C$37.00 to C$41.00 and gave the stock a “hold” rating in a report on Monday, July 22nd. Canaccord Genuity Group set a C$44.00 target price on TMX Group and gave the stock a “buy” rating in a report on Friday, April 26th. Finally, BMO Capital Markets increased their price target on TMX Group from C$42.00 to C$44.00 in a research report on Wednesday, July 10th.

Insider Buying and Selling at TMX Group

In related news, Director Peter Alexander Conroy sold 13,965 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of C$36.19, for a total value of C$505,347.27. In related news, Director Peter Alexander Conroy sold 13,965 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of C$36.19, for a total transaction of C$505,347.27. Also, Senior Officer Cheryl Graden sold 146,115 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of C$35.96, for a total transaction of C$5,254,295.40. Corporate insiders own 1.15% of the company’s stock.

TMX Group Trading Up 0.5 %

Shares of X stock opened at C$41.96 on Friday. The firm has a fifty day moving average of C$38.58 and a 200-day moving average of C$36.30. The stock has a market cap of C$11.63 billion, a price-to-earnings ratio of 28.74, a P/E/G ratio of 12.65 and a beta of 0.39. TMX Group has a 52-week low of C$28.32 and a 52-week high of C$42.34. The company has a debt-to-equity ratio of 54.91, a quick ratio of 0.01 and a current ratio of 1.00.

TMX Group (TSE:X) last released its quarterly earnings data on Thursday, May 2nd. The company reported C$0.38 earnings per share for the quarter, beating the consensus estimate of C$0.37 by C$0.01. TMX Group had a return on equity of 10.16% and a net margin of 13.67%. The company had revenue of C$345.90 million for the quarter, compared to analyst estimates of C$338.61 million. On average, equities research analysts forecast that TMX Group will post 1.6098304 earnings per share for the current fiscal year.

TMX Group Company Profile

TMX Group Limited operates exchanges, markets, and clearinghouses primarily for capital markets in Canada, the United States, the United Kingdom, Germany, and internationally. It operates through four segments: Global Solutions, Insights & Analytics; Capital Formation; Derivatives Trading & Clearing; and Equities and Fixed Income Trading & Clearing.