TMX Group (X) Given New C$105.00 Price Target at TD Securities
TMX Group (TSE:X) had its target price boosted by TD Securities from C$98.00 to C$105.00 in a research report issued on Tuesday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price points to a potential upside of 12.30% from the company’s current price.
Other equities analysts have also recently issued reports about the company. BMO Capital Markets increased their price target on TMX Group from C$95.00 to C$105.00 in a report on Monday. CIBC cut TMX Group from an “outperform” rating to a “neutral” rating and cut their price target for the stock from C$101.00 to C$97.00 in a report on Tuesday, April 23rd. National Bank Financial increased their price target on TMX Group from C$97.00 to C$103.00 and gave the stock an “outperform” rating in a report on Friday, May 10th. Finally, Royal Bank of Canada increased their target price on TMX Group from C$89.00 to C$93.00 and gave the stock an “outperform” rating in a report on Thursday, February 14th.
TMX Group stock opened at C$93.50 on Tuesday. The company has a market cap of $5.15 billion and a price-to-earnings ratio of 18.48. TMX Group has a 52-week low of C$68.87 and a 52-week high of C$93.95. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 33.49.
In related news, Senior Officer Mary Lou Hukezalie sold 3,000 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of C$90.00, for a total value of C$270,000.00. Following the transaction, the insider now directly owns 1,350 shares in the company, valued at approximately C$121,500.
About TMX Group
TMX Group Limited operates exchanges, markets, and clearinghouses primarily for capital markets in Canada and internationally. The company operates through four segments: Global Solutions, Insights & Analytics; Capital Formation; Derivatives Trading & Clearing; and Equities and Fixed Income Trading and Clearing.
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