TMX Group Limited (TMXXF) – What Are Brokerages Thinking About This Stock?

Shares of TMX Group Limited (OTCMKTS:TMXXF) have been assigned an average rating of “Buy” from the seven analysts that are presently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company.

A number of brokerages have recently commented on TMXXF. Canadian Imperial Bank of Commerce initiated coverage on TMX Group in a report on Monday, August 17th. They set an “outperform” rating for the company. Scotiabank restated an “outperform” rating on shares of TMX Group in a research report on Monday, August 3rd. Finally, National Bank Financial raised shares of TMX Group from a “sector perform” rating to an “outperform” rating in a research note on Monday, July 27th.

TMX Group Price Performance

OTCMKTS:TMXXF traded up $0.23 during mid-day trading on Friday, hitting $38.45. 7,375 shares of the company’s stock traded hands, compared to its average volume of 46,201. The firm has a 50 day moving average of $38.14 and a two-hundred day moving average of $37.21. TMX Group has a 12 month low of $31.66 and a 12 month high of $41.94.

About TMX Group

TMX Group Limited is a Canadian financial markets infrastructure company that operates marketplaces, clearinghouses, depositories and market-data businesses. Its principal markets include Toronto Stock Exchange (TSX), TSX Venture Exchange, TSX Alpha Exchange and Montréal Exchange. These platforms support the listing and trading of equities, fixed-income products, derivatives and other financial instruments.

Through its clearing and settlement businesses, including Canadian Derivatives Clearing Corporation and CDS Clearing and Depository Services, TMX Group provides clearing, settlement, custody and depository services for Canadian capital markets.