TMX Group (TSE:X – Get Free Report) received a C$44.00 price target from stock analysts at Canaccord Genuity Group in a research note issued on Friday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 20.71% from the stock’s previous close.
Other equities research analysts have also issued research reports about the stock. 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 note on Monday, March 25th. TD Securities lifted their target price on 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 upped their target price on TMX Group from C$36.00 to C$38.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 7th. Barclays raised their price objective on shares of TMX Group from C$35.00 to C$38.00 in a research report on Monday, April 8th. Finally, National Bankshares upped their price target on TMX Group to C$37.00 and gave the company a “sector perform” rating in a research note on Monday, February 5th. Six 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 MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of C$38.38.
View Our Latest Analysis on TMX Group
TMX Group Trading Up 1.1 %
TMX Group (TSE:X – Get Free Report) last announced its quarterly earnings results on Monday, February 5th. The company reported C$0.37 EPS for the quarter, meeting analysts’ consensus estimates of C$0.37. The business had revenue of C$301.50 million during the quarter, compared to analyst estimates of C$300.05 million. TMX Group had a net margin of 12.28% and a return on equity of 9.10%. Equities analysts forecast that TMX Group will post 1.6194927 earnings per share for the current fiscal year.
Insider Activity at TMX Group
In other TMX Group news, Senior Officer Jayakumar Rajarathinam sold 95,750 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of C$33.78, for a total value of C$3,234,636.08. In other news, 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. Also, Senior Officer Luc Fortin sold 15,140 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of C$35.32, for a total value of C$534,744.80. Corporate 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.
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