TMX Group (TSE:X) Given New C$38.00 Price Target at Royal Bank of Canada

TMX Group (TSE:X) had its price objective lifted by equities research analysts at Royal Bank of Canada from C$36.00 to C$38.00 in a report released on Monday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective points to a potential upside of 4.25% from the stock’s previous close.

A number of other research analysts have also recently issued reports on X. TD Securities lifted their target price on shares of TMX Group from C$34.00 to C$35.00 and gave the company a “hold” rating in a research note on Wednesday, February 7th. Scotiabank raised their price target on shares of TMX Group from C$36.00 to C$38.00 and gave the company a “sector perform” rating in a report on Wednesday, February 7th. BMO Capital Markets raised shares of TMX Group from a “market perform” rating to an “outperform” rating and raised their price target for the company from C$36.00 to C$41.00 in a report on Monday, March 25th. CIBC raised their price target on shares of TMX Group from C$35.00 to C$38.00 in a report on Friday, April 26th. Finally, Canaccord Genuity Group set a C$44.00 price target on shares of TMX Group and gave the company a “buy” rating in a report on Friday, April 26th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of C$39.13.

TMX Group Stock Down 0.0 %

Shares of X opened at C$36.45 on Monday. The stock has a market cap of C$10.08 billion, a price-to-earnings ratio of 28.48, a P/E/G ratio of 12.65 and a beta of 0.39. The company has a quick ratio of 0.01, a current ratio of 1.00 and a debt-to-equity ratio of 26.67. TMX Group has a 12 month low of C$27.57 and a 12 month high of C$37.01. The company has a 50-day moving average price of C$35.34 and a two-hundred day moving average price of C$32.60.

TMX Group (TSE:X) last announced its quarterly earnings results on Monday, February 5th. The company reported C$0.37 EPS for the quarter, hitting analysts’ consensus estimates of C$0.37. TMX Group had a net margin of 12.28% and a return on equity of 9.10%. The firm had revenue of C$301.50 million during the quarter, compared to analysts’ expectations of C$300.05 million. Equities analysts predict that TMX Group will post 1.6194927 EPS for the current fiscal year.

Insiders Place Their Bets

In other TMX Group news, Senior Officer Luc Fortin sold 15,140 shares of TMX Group stock in a transaction on Friday, March 1st. The shares were sold at an average price of C$35.32, for a total transaction of C$534,744.80. In other news, Senior Officer Luc Fortin sold 15,140 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of C$35.32, for a total value of C$534,744.80. Also, Senior Officer Jayakumar Rajarathinam sold 95,750 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of C$33.78, for a total transaction of C$3,234,636.08. Company insiders own 5.57% of the company’s stock.

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.