TMX Group (OTCMKTS:TMXXF) Shares Up 2% – Still a Buy?

TMX Group Limited (OTCMKTS:TMXXF)’s share price rose 2% during trading on Friday . The stock traded as high as $38.66 and last traded at $38.58. 96,117 shares changed hands during trading, an increase of 108% from the average session volume of 46,287 shares. The stock had previously closed at $37.81.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TMXXF. Scotiabank reiterated an “outperform” rating on shares of TMX Group in a report on Monday, August 3rd. National Bank Financial raised TMX Group from a “sector perform” rating to an “outperform” rating in a research report on Monday, July 27th. Finally, Canadian Imperial Bank of Commerce initiated coverage on TMX Group in a research report on Monday, August 17th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy”.

TMX Group Stock Performance

The stock has a fifty day simple moving average of $37.57 and a 200-day simple moving average of $36.89.

About TMX Group

TMX Group Limited operates Canada’s premier financial infrastructure that supports capital markets for listing, trading, clearing, settlement and information services. As a holding company, TMX Group’s principal businesses include the Toronto Stock Exchange (TSX), TSX Venture Exchange (TSXV), Montréal Exchange (MX), and Canadian Depository for Securities (CDS). These platforms facilitate equity and derivatives trading, debt issuance, exchange-traded funds and a broad spectrum of structured products.

Through its marketplace operations, TMX Group offers issuers access to public capital, while providing investors with deep liquidity and a diverse range of listed instruments.