BMO Capital Markets Forecasts Strong Price Appreciation for TMX Group (TSE:X) Stock

TMX Group (TSE:X) had its price objective increased by investment analysts at BMO Capital Markets from C$55.00 to C$57.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. BMO Capital Markets’ price objective indicates a potential upside of 11.44% from the company’s current price.

X has been the topic of a number of other research reports. Barclays lifted their price target on shares of TMX Group from C$53.00 to C$55.00 in a report on Tuesday, April 8th. TD Securities upped their price objective on shares of TMX Group from C$44.00 to C$45.00 and gave the stock a “hold” rating in a research report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of C$47.56.

TMX Group Trading Up 1.3 %

TMX Group stock traded up C$0.65 during trading hours on Tuesday, reaching C$51.15. 123,994 shares of the company’s stock were exchanged, compared to its average volume of 483,193. TMX Group has a twelve month low of C$35.65 and a twelve month high of C$53.66. The company has a quick ratio of 0.01, a current ratio of 1.01 and a debt-to-equity ratio of 47.49. The firm’s 50 day simple moving average is C$50.63 and its 200 day simple moving average is C$46.36. The firm has a market capitalization of C$14.23 billion, a PE ratio of 29.53, a PEG ratio of 12.65 and a beta of 0.43.

Insider Buying and Selling at TMX Group

In related news, Senior Officer Jayakumar Rajarathinam sold 40,000 shares of TMX Group stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of C$49.49, for a total transaction of C$1,979,776.00. 1.15% of the stock is owned by company insiders.

About TMX Group

TMX Group Ltd is a company that operates several global markets to provide investment opportunities for its clients. TMX Group’s key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, and Trayport, which provides listing markets, trading markets, clearing facilities, depository services, technology solutions, data products, and other services to the global financial community.