TD Securities Upgrades Tmx Group Limited (X) to “Buy”
Tmx Group Limited (TSE:X) was upgraded by equities researchers at TD Securities from a “hold” rating to a “buy” rating in a report issued on Thursday, StockTargetPrices.com reports. The brokerage currently has a C$69.00 target price on the stock, up from their prior target price of C$65.00. TD Securities’ price objective suggests a potential upside of 19.25% from the company’s previous close.
Other equities research analysts have also recently issued research reports about the company. CIBC boosted their price target on Tmx Group Limited from C$53.00 to C$63.00 in a research note on Saturday, August 6th. Scotiabank boosted their price target on Tmx Group Limited from C$50.00 to C$57.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 2nd. RBC Capital Markets boosted their price target on Tmx Group Limited from C$53.00 to C$55.00 and gave the company an “underperform” rating in a research note on Wednesday. Finally, Royal Bank Of Canada upped their target price on Tmx Group Limited from C$53.00 to C$55.00 and gave the stock an “underperform” rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of C$57.00.
Tmx Group Limited (TSE:X) traded up 1.76% during trading on Thursday, reaching $58.88. 244,163 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $58.50 and its 200-day moving average price is $52.91. Tmx Group Limited has a 52-week low of $33.30 and a 52-week high of $61.99. The company’s market capitalization is $3.21 billion.
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About Tmx Group Limited
TMX Group, Ltd. is a Canada-based company, which operates cash and derivative markets for multiple asset classes including equities, fixed income and energy. The Company also provides clearing facilities, data products and other services to the international financial community. The Company operates Toronto Stock Exchange and TSX Venture Exchange, TMX Group and TMX Datalinx.
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