Barclays Forecasts Strong Price Appreciation for TMX Group (TSE:X) Stock

TMX Group (TSE:X) had its price objective hoisted by investment analysts at Barclays from C$45.00 to C$47.00 in a research note issued on Monday,BayStreet.CA reports. Barclays‘s target price would suggest a potential upside of 6.43% from the stock’s current price.

A number of other equities research analysts have also issued reports on the company. TD Securities upped their price target on TMX Group from C$42.00 to C$43.00 and gave the company a “hold” rating in a research report on Monday, October 28th. National Bankshares boosted their target price on shares of TMX Group from C$43.00 to C$44.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. BMO Capital Markets raised their price target on shares of TMX Group from C$50.00 to C$62.00 in a report on Thursday. Finally, CIBC upped their price objective on TMX Group from C$43.00 to C$46.00 in a report on Thursday, October 31st. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of C$46.94.

TMX Group Stock Performance

Shares of X traded down C$0.19 during trading hours on Monday, hitting C$44.16. The stock had a trading volume of 46,792 shares, compared to its average volume of 358,503. The firm has a market capitalization of C$12.26 billion, a price-to-earnings ratio of 30.05, a PEG ratio of 12.65 and a beta of 0.43. The company has a debt-to-equity ratio of 51.71, a quick ratio of 0.01 and a current ratio of 1.00. The firm has a 50-day moving average price of C$43.64 and a 200 day moving average price of C$41.45. TMX Group has a fifty-two week low of C$29.84 and a fifty-two week high of C$45.92.

TMX Group (TSE:X) last announced its earnings results on Wednesday, October 30th. The company reported C$0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.40 by C$0.01. The business had revenue of C$353.80 million for the quarter, compared to analyst estimates of C$356.24 million. TMX Group had a net margin of 13.39% and a return on equity of 10.08%. As a group, research analysts anticipate that TMX Group will post 1.7708421 EPS for the current year.

About TMX Group

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.