TD Securities raises TMX Group’s (TSE:X) price target to C$37.00

TMX Group (TSE:X – Get a Free Report) In a report published Monday, the target price was raised by TD Securities analysts from C$35.00 to C$37.00, BayStreet.CA reported. The brokerage currently has a ‘hold’ rating on the stock. TD Securities’ price target suggests a potential upside of 0.08% from the stock’s previous closing price.

A number of other research firms have also released reports on X. Scotiabank raised their price target on TMX Group from C$38.00 to C$39.00 and gave the company a “sector perform” rating in a report on Tuesday, April 30. BMO Capital Markets upgraded shares of TMX Group from a “market perform” rating to an “outperform” rating and raised their price target for the stock from C$36.00 to C$41.00 in a research report on Monday, March 25 . National Bankshares raised their price objective on shares of TMX Group from C$37.00 to C$40.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 30. Canaccord Genuity Group set a $44.00 target price for TMX Group and gave the stock a “buy” rating in a research report on Friday, April 26. Finally, Royal Bank of Canada lowered their price objective on TMX Group from C$40.00 to C$39.00 and set a “sector perform” rating for the company in a research report on Sunday. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, TMX Group has a consensus rating of “Hold” and an average price target of $39.88.

Check out our latest stock report on TMX Group

TMX Group shares fell 0.6%

TSE:X traded €0.24 lower during trading hours on Monday, reaching €36.97. The company’s stock had a trading volume of 305,713 shares, compared to its average volume of 349,430. The company has a debt-to-equity ratio of 26.67, a current ratio of 1.00 and a quick ratio of 0.01. The company has a market capitalization of C$10.23 billion, a price-to-earnings ratio of 28.88, a price-to-earnings growth ratio of 12.65 and a beta of 0.39. TMX Group has a one-year low of C$28.23 and a one-year high of C$37.59. The company’s 50-day moving average is $35.51 and its 200-day moving average is $32.78.

TMX Group (TSE:X – Get Free Report) last posted its quarterly earnings data on Monday, February 5. The company reported earnings per share of €0.37 for the quarter, meeting the consensus estimate of €0.37. The company had revenue of C$301.50 million during the quarter, compared to the consensus estimate of C$300.05 million. TMX Group had a net margin of 12.28% and a return on equity of 9.10%. Equities research analysts predict that TMX Group will post 1.6194927 earnings per share for the current year.

Buying and selling with insider information

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

Company profile TMX Group

(Get a free report)

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 and clearing; and equities and fixed income trading and clearing.

read more

This instant news alert was generated by narrative science technology and financial data from MarketBeat to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat editorial staff before publication. Send any questions or comments about this story to [email protected].

Before you consider TMX Group, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients every day. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market takes hold… and TMX Group wasn’t on the list.

While TMX Group currently has a ‘Hold’ rating among analysts, top analysts believe these five stocks are better buys.

View the five stocks here

With the AI ​​market heating up, investors with a vision for AI have the potential to see real returns. Learn about the industry as a whole and seven companies getting work done with the power of AI.

Get this free report