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Tmx Group Limited (TSE:X) was upgraded by research analysts at National Bank Financial from an “underperform” rating to a “sector perform” rating in a report released on Monday, reports. The firm currently has a C$56.00 price objective on the stock, up from their previous price objective of C$49.00. National Bank Financial’s target price indicates a potential upside of 6.04% from the company’s current price.

Tmx Group Limited (TSE:X) traded up 2.71% during mid-day trading on Monday, hitting $54.24. The stock had a trading volume of 40,506 shares. Tmx Group Limited has a 1-year low of $42.50 and a 1-year high of $56.62. The stock’s 50-day moving average is $52.23 and its 200-day moving average is $49.86. The company has a price-to-earnings ratio of 23.06.

A number of other firms have also recently commented on X. Analysts at Scotiabank raised their price target on shares of Tmx Group Limited from C$52.00 to C$59.00 in a research note on Wednesday, March 19th. They now have a “sector perform” rating on the stock. Separately, analysts at CIBC raised their price target on shares of Tmx Group Limited from C$48.00 to C$50.00 in a research note on Friday, February 7th. They now have a “market weight” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Tmx Group Limited from C$46.00 to C$50.00 in a research note on Thursday, February 6th. They now have an “underperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of C$52.63.

TMX Group, Ltd. is a Canada-based company, which operates cash and derivative markets for multiple asset classes including equities, fixed income and energy.

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