Tmx Group Limited (X) Upgraded to Buy by TD Securities
Tmx Group Limited (TSE:X) was upgraded by investment analysts at TD Securities from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday. The brokerage currently has a C$69.00 target price on the stock, up from their previous target price of C$65.00. TD Securities’ target price would indicate a potential upside of 19.25% from the stock’s current price.
Several other equities research analysts have also recently issued reports on 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 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. Two research 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. Tmx Group Limited presently has an average rating of “Hold” and a consensus price target of C$57.00.
Tmx Group Limited (TSE:X) traded up 1.69% during midday trading on Thursday, hitting $58.84. The stock had a trading volume of 243,063 shares. The company has a 50-day moving average of $58.50 and a 200-day moving average of $52.91. Tmx Group Limited has a 1-year low of $33.30 and a 1-year high of $61.99. The stock’s market cap 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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