TMX Group (TSE:X) Price Target Raised to C$55.00 at Barclays

TMX Group (TSE:X) had its price target boosted by stock analysts at Barclays from C$53.00 to C$55.00 in a report issued on Tuesday,BayStreet.CA reports. Barclays‘s target price points to a potential upside of 15.18% from the company’s current price.

Separately, TD Securities upped their price target on shares of TMX Group from C$44.00 to C$45.00 and gave the company a “hold” rating in a research note on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$48.19.

TMX Group Stock Down 1.3 %

Shares of X stock traded down C$0.65 during trading on Tuesday, reaching C$47.75. The company’s stock had a trading volume of 471,353 shares, compared to its average volume of 466,820. The company has a market cap of C$13.28 billion, a price-to-earnings ratio of 27.56, a price-to-earnings-growth ratio of 12.65 and a beta of 0.43. TMX Group has a one year low of C$35.65 and a one year high of C$53.66. The business has a fifty day moving average price of C$50.37 and a 200-day moving average price of C$46.14. The company has a quick ratio of 0.01, a current ratio of 1.01 and a debt-to-equity ratio of 47.49.

Insider Buying and Selling

In other news, Senior Officer Jayakumar Rajarathinam sold 40,000 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of C$49.49, for a total value of C$1,979,776.00. 1.15% of the stock is currently owned by insiders.

TMX Group Company Profile

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.